Piraeus Port Authority (PPA S.A.) has announced a significant increase in both revenue and profits during the first half of 2024, demonstrating robust performance despite challenging global market conditions.
The company achieved a turnover of €93.1 million, representing a 9.5% rise compared to the same period in 2023. This strong financial outcome has been attributed to effective management across various business segments, including cruise, ferry, and car terminal operations.
The net profit for the period reached €21.3 million, marking a 17.4% year-on-year increase. PPA S.A. has attributed this success to strategic business decisions and enhanced operational efficiency, which have contributed to the port’s sustained growth. Despite an uncertain economic climate, the port has shown remarkable resilience, maintaining its role as a key hub for trade and transport in the Mediterranean.
PPA S.A. has expressed confidence in maintaining this upward trajectory for the remainder of the year, further consolidating its position as one of the region’s leading ports.
Source: OLP.gr
