Port of Piraeus reports financial results for 2021 year
The Piraeus Port Authority has announced the financial results for the 2021 year with an annual turnover of 154.2 million euros compared to 132.9 million euros in 2020, recording an increase of 21,3 million euros or 16 per cent. The profit before taxes amounted to 49.2 million euros compared to 36.9 million euros in the previous year, showing an increase of 12.3 million euros or 33.3 per cent. The profit after taxes amounted to 36.8 million euros recording an increase of 39.4 per cent compared to 26.4 million euros in 2020. Finally, the proposed dividend per share amounted to 0.63 euro increased by 57.5 per cent compared to 0.40 euro in 2020.
The above amount is the highest level of profitability in the PPA history. Compared to the previous year, Pier I at the Container Terminal performed an increase of 13,9 per cent in TEU handling, Car Terminal had an increase of 40,6 per cent in vehicles throughput, the Cruise Terminal achieved a significant recovery by facilitating a total number of 379 Cruise Vessels and the number of vessels at the Ship Repair docks had an increase of 16.5 per cent.
“PPA Chairman, Yu Zenggang expressed his satisfaction with the financial results, stating: “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. We are responsibly implementing our strategic plan for the Port of Piraeus, already placed among the leading Ports in the Mediterranean and Europe. The implementation of PPA’s mandatory investment plan continues steadily and with absolute consistency. In addition to strengthening the financial position of the Company, this creates multiple benefits to the local and national economy. With the same dedication and high sense of responsibility we will continue our dynamic sustainable growth path, while staying true to our vision of expanding Greece’s Piraeus port into the biggest harbour in Europe and one of the most important ports in the world in environmental, digital, societal and governance terms.”