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Home Port News Piraeus Port achieves volume increase and financial growth

Piraeus Port achieves volume increase and financial growth

The three container terminals of the port of Piraeus in Greece continued their growth trajectory, achieving a 2% increase in total throughput reaching 5,100,920 TEUs.

"These results solidify the port of Piraeus in the fourth position, among Europe's top ports," said the Piraeus Port Authority (PPA).

Furthermore, PPA has unveiled its financial results for the fiscal year 2023 with total revenues increasing by 12.9% to US$237 million, pre-tax profits surging by 28.8% to US$104 million and post-tax profits rising by 26.3% to US$72 million.

Moreover, the proposed dividend per share saw a remarkable uptick of 29%, reaching US$1.45 from the previous year's US$1.12. These achievements signify the company's strongest performance to date in terms of both revenue and profitability, marking the third consecutive year of enhancement.

The chairman of Piraeus Port Authority, Yu Zenggang, expressed his satisfaction with the company's continued upward financial trajectory, crediting the company’s employees for their crucial role in the port’s outstanding performance and emphasizing the faithful execution of the company’s plan and strategy yielding significant results. He also highlighted that continued investments are planned to uphold Piraeus' top position among the leading ports in the Mediterranean and Europe.

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