Monday, June 23, 2025
Home Port News Piraeus enjoys strong 2019 financial results

Piraeus enjoys strong 2019 financial results

The Board of Directors of Piraeus Port Authority approved the annual financial results 2019 which saw revenues increase by 12.3% to US$161.4 million (€ 149.2 million) compared to US$143.8 million (€ 132.9 million) in the period of 2018.

The port authority said this change is mainly a result of the revenue increase from the concession fee by 17.1%, which translated to US$10.4 million (€ 9.6 million).

The profit before tax amounted to US$51.5 million (€47.6 million) compared to US$45.8 million (€42.3 million) in the year 2018, showing an increase of around 12.5% and the net profit is increased by 27% to  US$38.3 million (€35.4 million) compared to US$30.2 million (€27.9 million) of the year 2018.

Also, PPA S.A. will pay US$5.8 million (€5.4 million) concession fee to the Greek State for the year 2019 compared to US$5.2 million (€4.8 million) in 2018.

A significant increase 32% was also recorded in cash amounted US$115.4 million (€106.7 million) compared to US$87.5 million (€80.9 million) in 2018.

The proposed dividend per share is US$0.58 (€ 0.5388) compared to US$0.46 (€ 0.4240) in 2018 (an increase of 27 %).





Latest Posts

MSC reaches capacity milestone further cementing its position

MSC has crossed a significant milestone, with its total container fleet capacity exceeding 6.6 million TEUs, securing a commanding 20.5% share of the global...

Shipping risks rise as Taiwan Strait emerges as strategic flashpoint

China’s military blasted the Royal Navy patrol ship HMS Spey for its deliberate attempt to cause trouble as the vessel threaded the Taiwan Strait. Britain’s...

Maersk suspends calls to Haifa amid rising regional tensions

Maersk has decided to temporarily suspend vessel calls to the Port of Haifa, Israel, as well as halt cargo acceptance for this destination. In light...

Strait of Hormuz tensions put global shipping and markets on edge

The weekend US airstrikes on three Iranian nuclear facilities have pushed the maritime community onto what one operator called maximum alert. ...

Latin America trade volumes increased in 1Q 2025

Latin America's containerized trade volumes increased by 5% in the first quarter of 2025 compared to the same period in 2024, according to provisional...
error: Content is protected !!