Piraeus Port Authority (PPA) has announced the successful completion of its Annual General Meeting of shareholders held on 4 July 2024 via teleconference.
All agenda items received majority approval, including the Annual Financial Statements and the Dividend Distribution for fiscal year 2023 (covering 1 January 2023, to 31 December 2023).
The proposed gross dividend amount of €1.34 per share, recommended by the Board of Directors, represents a 29% increase compared to 2022.
Key highlights from the Annual Financial Report for 2023 include total revenues of US$238 million, a 12.9% increase from 2022. Profits before taxes rose to US$104 million, up by 28.8% from th previous year, and profits after taxes increased to US$72 million, a 26.3% rise compared to 2022 levels.
These results mark the company’s highest revenue and profitability achievements to date, reflecting Piraeus Port Authority’s consistent improvement in performance for the third consecutive year.
LIN Ji, Chairman of Piraeus Port Authority, stated, “Our Company’s upward trajectory and improved financial results, notably for the third consecutive year, demonstrate that our strategies for port development and modernization, along with significant operational decisions, are heading in the right direction. They create the right conditions for establishing Piraeus as one of the top ports in the Mediterranean and Europe.”
He went on to add, “The largest Greek port keeps delivering high-quality integrated port services, ensuring its industry reliability and competitiveness. Combined with our commitment to sustainable growth, environmental stewardship, and systematic contribution to society and future generations, we are laying solid foundations for a resilient port that creates benefits and, above all, value for everyone, both now and in the future.”
