Increase income and net profits was presented by the Piraeus Port Authority (PPA) Announcing the financial results use for 2024.
Specifically, PPA’s total revenue amounted to EUR 230.9 million, up 5.0%or EUR 11.1 million compared to 2023. Earnings pre -tax amounted to EUR 112.9 million, increasing 17.4%, while net profit after tax was EUR 87.4 million. The results confirm the constant strengthening of the company’s economic well -being and operational efficiency. Also, cash available amounted to EUR 204.5 million on December 31, 2024.
The administration proposed a dividend distribution of EUR 1.92 per share, up by 43.7% compared to the corresponding dividend of 1.336 in 2023. It is the largest dividend distribution and the highest profitability in the company’s history, noting for the fourth consecutive year improved financial results.
In the individual business sectors, the cruise set a new record in number of ships, passenger traffic and revenue increased by 15.5%. The car station increased by 28.2%, mainly due to the rise in storage revenue and the strengthening of domestic demand. This positive performance offset the reduction of the transit load, highlighting the efficiency of the sector.
Pier I, which is directly managed by PPA SA, has increased by 10.1%, as a result of increased cargo trafficking in the second semester.
Pier II and III decreased 6.5% due to the reduction of trafficking mainly in the first half. Overall, the activity at container stations has shown remarkable durability, maintaining the total revenue of the Problems I, II and III at the same level, despite the effects of the crisis on the Red Sea, which affected global supply chains.
In the ferry, revenue increased by 6.5% due to growth in both passengers and vehicles. The shipbuilding zone maintained a strong activity in 2024, and total income from shipbuilding activities increased by 0.6%.
PPA CEO of PPA SA, Su Xudong, said: “We are proud to announce another year of powerful financial and functional performance. Despite the global uncertain environment, we have managed to re -record historical results, while investing in the future of the port. This proves the power of our strategy and the dedication of our people. The proposed dividend reflects our commitment to create value for our shareholders and to support the long -term development of the port and the Greek economy. “