Piraeus Port Authority (PPA) has reported the highest level of profitability in its history during 2021, with profit after taxes surpassing US$40 million (€36.8 million), registering a significant increase of 39.4% compared to 2020.
During the same period, COSCO-owned Greek port’s profit before taxes also grew by 33.3% year-on-year to US$54.1 million (€49.2 million), while the annual turnover completed US$169.5 million (€154.2 million), recording a rise of 16% over the previous year.
“The continuous increase in the company’s turnover despite the difficulties we have all faced in the past due to the pandemic, reveals a highly resilient company built on solid foundations,” stated PPA Chairman, Yu Zenggang.
Moreover, the proposed dividend per share amounted to US$0.69 (€0.63), representing an increase of 57.5% over 2020.
