Thessaloniki Port Authority S.A. (ThPA S.A.) has announced a significant increase in its financial results for the first half of 2024. The Group’s consolidated revenue grew by 17.3%, reaching €48.4 million, compared to €41.2 million during the same period in 2023. Key business units showed notable growth, with the container terminal’s revenue rising by 16.7% to €34.3 million, and the conventional cargo terminal by 20.7% to €10.9 million. The real estate sector and passenger traffic experienced increases of 11.0% and 108.5%, respectively.
Profitability has also seen a substantial rise, with gross profits up by 29.2% to €22.4 million, EBITDA increasing by 37.6% to €20.8 million, and net profits after taxes soaring by 62.3% to €13.6 million.
Capital expenditures for the first half stood at €2.8 million, with more investment planned for the second half of the year to upgrade port infrastructure and equipment.
ThPA’s Executive Chairman, Mr. Athanasios Liagkos, highlighted the company’s strong performance and commitment to enhancing the port’s role in international trade and connectivity.
For more details, visit ThPA.
