Piraeus Port Authority (PPA) has achieved a consecutive year of growth with a turnover of approximately US$208 million compared to around US$165 million in 2021, while its profits before taxes amounted to approximately US$80 million compared to around US$52 million in the fiscal year 2021.
Additionally, PPA’s profits after taxes exceeded US$55 million, indicating an increase of 43.9% compared to 2021.
“The above results showcase the best-ever performance achieved by PPA in both revenue and profitability,” pointed out the port authority in a statement.
PPA Chairman Yu Zenggang commented, “The financial results of the fiscal year 2022 confirm in the best way possible that the strategy of high quality development pursued leads to best outcomes and is the appropriate one.”
He went on to add, “PPA strategy involving major port upgrading projects and targeted investments implemented in the recent years showcase an internationally recognised Port of Piraeus as one of the most important and competitive ports in Europe. This year’s financial growth record fills us with optimism and gives us the strength to keep achieving top results for the Port of Piraeus.”
