Piraeus Port Authority (PPA) has achieved remarkable growth in revenue and profits for the first half of 2024, once again delivering the best performance in its history for this period.
According to the Authority, total revenue for the first half reached €107.1 million, an increase from €102.4 million in the same period of 2023, reflecting a rise of €4.7 million or 4.6%. This growth was largely driven by significant increases in various sectors:
- revenue from car handling surged by 59.9%,
- the cruise sector grew by 13.2%,
- and the container sector increased by 4.0%, contributing approximately €6.2 million, €1.2 million, and €0.9 million, respectively.
Instability and the challenging geopolitical conditions in the Middle East persist. However, our company and the Port of Piraeus have continued to achieve strong results, sustaining our upward momentum as we have consistently done over time. This is a clear testament to the soundness of our strategy and the dedicated efforts that have ensured the Port’s reliability and, above all, its resilience.
… said Mr. Lin Ji, Chairman of PPA S.A
In addition to revenue growth, pre-tax profits rose by 7.3%, reaching €53.0 million compared to €49.4 million in the first half of 2023. After-tax profits also saw an increase of 4.4%, rising to €40.4 million from €38.7 million in the same period last year.
