Port of Piraeus: Strong performance in H1, 2023, with a significant increase in profitability and turnover

By 29 September 20232023 Newsletter week 39
September 29, 2023

In H1 2023, PPA S.A. reported a continued robust increase of profits and income, achieving the new highest performance in its history.

  • +8% profits before taxes EUR 49.4 million.
  • +49.6% profits after taxes EUR 7 million.
  • +0% turnover EUR 102.4 million.

This renewed growth in turnover was attributed to increased revenue across all sectors of PPA S.A.’s activities. Especially it was driven by the cruise sector where approximately double number of passengers transported compared to the corresponding period of the previous year. Additionally, there was an increase in container handling in the total three Piers of the port, despite the challenges currently facing the transport sector.