Piraeus Port Authority SA (PPA) has achieved a turnover of €72 million (US$84 million) in the first half of 2021, representing an increase of 8.3% compared to the corresponding period of the previous year.
This significant growth was mainly driven by an income increase in the cruise, car handling and coasting sectors by 175.1%, 34.9% and 9.7% respectively, according to a statement.
“An additional increase of 5,7% or 1.8 million euros was due to the pier II and III concession,” noted the port authority.
Furthermore, the earnings before taxes in the first six months of the year reached €20.84 (US$24.3) million and the earnings after taxes to €15.1 (US$17.6) million.
PPA’s Chairman, Yu Zenggang, expressed his satisfaction about the financial results of the first half of the year, commenting, “The continuous increase of turnover despite the significant difficulties we were all faced due to the pandemic, proves once again that PPA SA is a company building on a solid and a strong basis, while it is already ranking in the first places among the best ports in the Mediterranean and Europe.”
