The Piraeus Port Authority (PPA or OLP) on Wednesday announced a 28.02-percent rise in turnover over the first nine-month period of 2022, on the back of higher cruise ship arrivals, coastal shipping activity and a rise in volume at both the container port and car terminal.
Revenues reached 145.759 million euros in the period ending on Sept. 30, 2022, with 52.684 million euros posted in Q3 2022, compared with a pandemic-affected nine-month period in 2021, when revenues reached 113.850 million euros; 41.851 million euros for Q3 2021.
The increases correspond to 28.02 percent and 25.88 percent respectively.
Gross profit amounted to 83.146 million euros for the period between January and September 2022, and 31.463 million euros for the third quarter of 2022, compared to 55.781 million euros and 22.364 million euros in the corresponding periods of 2021 – an increase of 49.06 percent and 40.69 percent, respectively.
EBITDA amounted to 75.399 million euros for the first nine-month period of 2022 and 31.494 million euros for the third quarter of 2022, compared to 54.021 million euros and 22.673 million euros in the corresponding periods of 2021, an increase of 39.57 percent and 38.91 percent, respectively.
Earnings before Tax and Interest (EBIT) reached 61.726 million euros for the Jan-Sept. period, and 26.948 million euros for the third quarter of 2022, up from 40.619 million euros and 18.180 million euros in the corresponding period of 2021, an increase of 51.96 percent and 48.23 percent, respectively.
Profit after income taxes reached 47.094 million euros for the nine-month period, and 21.194 million euros for the third quarter of 2022, up from 29.099 million euros και 14.005 million euros in the corresponding periods of 2021, an increase of 61.84 percent and 51.32 percent, respectively.
Latest News
Bank of Greece (BoG): Business-Household Deposits Up 1,675bln in March 2024
In March 2024, the monthly net flow of credit to the general government was negative by 469 million euros
FT: Greece’s Economic Rebound a Balance of Growth and Poverty
Eurostat data revealed a significant 10.8% drop in Greek public debt relative to GDP in 2023, alongside a 2% economic expansion, outpacing Germany's performance.
Lavrio Port Authority Next Up for Privatization
A deadline for the submission of expressions of interest is May 14, 2024
Eurostat: Greece Records Largest Drop in Natural Gas Prices in 2nd Half of 2023
The price of electricity and natural gas in Europe was down following a substantial surge that began before the Russian invasion of Ukraine and peaked in 2022
GEK TERNA Still Considers Leveraging Concessions Portfolio as Financial Tool
President and CEO of Gek Terna George Peristeris explained the company's plans on Tuesday on the sidelines of the inauguration of sections of Greece's E65 highway
NielsenIQ: 3% Supermarket Revenue Increase in Q1
Private label products are gaining traction, comprising 25.4% of shopping basket shares, up from 24.7%
Store Hours Change Today in Observation of Orthodox Easter
The President of the Athens Chamber of Commerce hopes the Easter period will provide a much-needed boost to retail traffic in the capital
Athens-area Mass Transit Systems Set to Finally Install Contact-less Fare Payment
Paying fares via bank cards, smartphones and smartwatches in all mass transit systems in the Greek capital, namely, buses, trolleys, the metro and tram lines, is scheduled by the end of the year
Council of State Rejects Motion Against Thessaloniki Motorway Project
The motion was filed earlier this month by three local citizens’ and environmental groups and generated a high court decision for a temporary stay in construction
Greek 30Y Bond Issue Oversubscribed by 11 Times
Very high demand pushed down the coupon's interest rate to 4.125%