Thessaloniki Port reports record profit

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The Thessaloniki Port Authority posted strong financial results in the first half of 2014 as it saw traffic increase and costs decrease.Turnover amounted to 27,099,923 euros, an increase of 9.13% compared to EUR 24,833,287 in the corresponding period of 2013. Sales grew in all operational areas – by 12.93 pct in the container terminal and 4.19 pct in the other port areas.
Gross profit amounted to EUR 13,171,572, an increase of 29.96%, compared to EUR 10,135,030 for the first half of 2013.
Earnings before tax amounted to EUR 13,756,713, an increase of 17.18%, compared to 11,739,387 in the corresponding period of 2013.
Profit after tax amounted to EUR 10,467,551, an increase of 13.54%, compared to 9,219,156 euros last year.
Operating profit (EBITDA) for the first half of 2014 amounted to 14,054,330 euros, an increase of 30.84%.
Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the wages of the workforce by 10.60 as a large part went into retirement.
In the January – June 2014 period, the port handled 161.640 TEUs, up 12.63 pct compared to the first half of 2013. General cargo handled rose by 11.93 pct while general cargo also rose 0.34 pct.
OLTH CEO Stelios Angeloudis commented: “As the numbers show, the Thessaloniki Port Authority maintains its momentum despite the fact that the Greek economy is in recession for the past six years. The strategic geographical location of Thessaloniki in combination with the quality of port services we provide create a competitive advantage, which we utilize”.

The Thessaloniki Port Authority posted strong financial results in the first half of 2014 as it saw traffic increase and costs decrease.

Turnover amounted to 27,099,923 euros, an increase of 9.13% compared to EUR 24,833,287 in the corresponding period of 2013. Sales grew in all operational areas – by 12.93 pct in the container terminal and 4.19 pct in the other port areas.

Gross profit amounted to EUR 13,171,572, an increase of 29.96%, compared to EUR 10,135,030 for the first half of 2013.

Earnings before tax amounted to EUR 13,756,713, an increase of 17.18%, compared to 11,739,387 in the corresponding period of 2013.

Profit after tax amounted to EUR 10,467,551, an increase of 13.54%, compared to 9,219,156 euros last year.

Operating profit (EBITDA) for the first half of 2014 amounted to 14,054,330 euros, an increase of 30.84%.

Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the wages of the workforce by 10.60 as a large part went into retirement.

In the January – June 2014 period, the port handled 161.640 TEUs, up 12.63 pct compared to the first half of 2013. General cargo handled rose by 11.93 pct while general cargo also rose 0.34 pct.

OLTH CEO Stelios Angeloudis commented: “As the numbers show, the Thessaloniki Port Authority maintains its momentum despite the fact that the Greek economy is in recession for the past six years. The strategic geographical location of Thessaloniki in combination with the quality of port services we provide create a competitive advantage, which we utilize”.
- See more at: http://www.shippingherald.com/Admin/ArticleDetail/ArticleDetailsFinanceEconomy/tabid/104/ArticleID/16940/Thessaloniki-Port-reports-record-profit-in-H1.aspx#sthash.rzVgwj8u.dpuf
The Thessaloniki Port Authority posted strong financial results in the first half of 2014 as it saw traffic increase and costs decrease.

Turnover amounted to 27,099,923 euros, an increase of 9.13% compared to EUR 24,833,287 in the corresponding period of 2013. Sales grew in all operational areas – by 12.93 pct in the container terminal and 4.19 pct in the other port areas.

Gross profit amounted to EUR 13,171,572, an increase of 29.96%, compared to EUR 10,135,030 for the first half of 2013.

Earnings before tax amounted to EUR 13,756,713, an increase of 17.18%, compared to 11,739,387 in the corresponding period of 2013.

Profit after tax amounted to EUR 10,467,551, an increase of 13.54%, compared to 9,219,156 euros last year.

Operating profit (EBITDA) for the first half of 2014 amounted to 14,054,330 euros, an increase of 30.84%.

Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the wages of the workforce by 10.60 as a large part went into retirement.

In the January – June 2014 period, the port handled 161.640 TEUs, up 12.63 pct compared to the first half of 2013. General cargo handled rose by 11.93 pct while general cargo also rose 0.34 pct.

OLTH CEO Stelios Angeloudis commented: “As the numbers show, the Thessaloniki Port Authority maintains its momentum despite the fact that the Greek economy is in recession for the past six years. The strategic geographical location of Thessaloniki in combination with the quality of port services we provide create a competitive advantage, which we utilize”.
- See more at: http://www.shippingherald.com/Admin/ArticleDetail/ArticleDetailsFinanceEconomy/tabid/104/ArticleID/16940/Thessaloniki-Port-reports-record-profit-in-H1.aspx#sthash.rzVgwj8u.dpuf
The Thessaloniki Port Authority posted strong financial results in the first half of 2014 as it saw traffic increase and costs decrease.

Turnover amounted to 27,099,923 euros, an increase of 9.13% compared to EUR 24,833,287 in the corresponding period of 2013. Sales grew in all operational areas – by 12.93 pct in the container terminal and 4.19 pct in the other port areas.

Gross profit amounted to EUR 13,171,572, an increase of 29.96%, compared to EUR 10,135,030 for the first half of 2013.

Earnings before tax amounted to EUR 13,756,713, an increase of 17.18%, compared to 11,739,387 in the corresponding period of 2013.

Profit after tax amounted to EUR 10,467,551, an increase of 13.54%, compared to 9,219,156 euros last year.

Operating profit (EBITDA) for the first half of 2014 amounted to 14,054,330 euros, an increase of 30.84%.

Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the wages of the workforce by 10.60 as a large part went into retirement.

In the January – June 2014 period, the port handled 161.640 TEUs, up 12.63 pct compared to the first half of 2013. General cargo handled rose by 11.93 pct while general cargo also rose 0.34 pct.

OLTH CEO Stelios Angeloudis commented: “As the numbers show, the Thessaloniki Port Authority maintains its momentum despite the fact that the Greek economy is in recession for the past six years. The strategic geographical location of Thessaloniki in combination with the quality of port services we provide create a competitive advantage, which we utilize”.
- See more at: http://www.shippingherald.com/Admin/ArticleDetail/ArticleDetailsFinanceEconomy/tabid/104/ArticleID/16940/Thessaloniki-Port-reports-record-profit-in-H1.aspx#sthash.rzVgwj8u.dpuf

Thessaloniki Port reports record profit in H1


The Thessaloniki Port Authority posted strong financial results in the first half of 2014 as it saw traffic increase and costs decrease.

Turnover amounted to 27,099,923 euros, an increase of 9.13% compared to EUR 24,833,287 in the corresponding period of 2013. Sales grew in all operational areas – by 12.93 pct in the container terminal and 4.19 pct in the other port areas.

Gross profit amounted to EUR 13,171,572, an increase of 29.96%, compared to EUR 10,135,030 for the first half of 2013.

Earnings before tax amounted to EUR 13,756,713, an increase of 17.18%, compared to 11,739,387 in the corresponding period of 2013.

Profit after tax amounted to EUR 10,467,551, an increase of 13.54%, compared to 9,219,156 euros last year.

Operating profit (EBITDA) for the first half of 2014 amounted to 14,054,330 euros, an increase of 30.84%.

Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the wages of the workforce by 10.60 as a large part went into retirement.

In the January – June 2014 period, the port handled 161.640 TEUs, up 12.63 pct compared to the first half of 2013. General cargo handled rose by 11.93 pct while general cargo also rose 0.34 pct.

OLTH CEO Stelios Angeloudis commented: “As the numbers show, the Thessaloniki Port Authority maintains its momentum despite the fact that the Greek economy is in recession for the past six years. The strategic geographical location of Thessaloniki in combination with the quality of port services we provide create a competitive advantage, which we utilize”.
- See more at: http://www.shippingherald.com/Admin/ArticleDetail/ArticleDetailsFinanceEconomy/tabid/104/ArticleID/16940/Thessaloniki-Port-reports-record-profit-in-H1.aspx#sthash.rzVgwj8u.dpuf

Thessaloniki Port reports record profit in H1


The Thessaloniki Port Authority posted strong financial results in the first half of 2014 as it saw traffic increase and costs decrease.

Turnover amounted to 27,099,923 euros, an increase of 9.13% compared to EUR 24,833,287 in the corresponding period of 2013. Sales grew in all operational areas – by 12.93 pct in the container terminal and 4.19 pct in the other port areas.

Gross profit amounted to EUR 13,171,572, an increase of 29.96%, compared to EUR 10,135,030 for the first half of 2013.

Earnings before tax amounted to EUR 13,756,713, an increase of 17.18%, compared to 11,739,387 in the corresponding period of 2013.

Profit after tax amounted to EUR 10,467,551, an increase of 13.54%, compared to 9,219,156 euros last year.

Operating profit (EBITDA) for the first half of 2014 amounted to 14,054,330 euros, an increase of 30.84%.

Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the wages of the workforce by 10.60 as a large part went into retirement.

In the January – June 2014 period, the port handled 161.640 TEUs, up 12.63 pct compared to the first half of 2013. General cargo handled rose by 11.93 pct while general cargo also rose 0.34 pct.

OLTH CEO Stelios Angeloudis commented: “As the numbers show, the Thessaloniki Port Authority maintains its momentum despite the fact that the Greek economy is in recession for the past six years. The strategic geographical location of Thessaloniki in combination with the quality of port services we provide create a competitive advantage, which we utilize”.
- See more at: http://www.shippingherald.com/Admin/ArticleDetail/ArticleDetailsFinanceEconomy/tabid/104/ArticleID/16940/Thessaloniki-Port-reports-record-profit-in-H1.aspx#sthash.rzVgwj8u.dpuf

Thessaloniki Port reports record profit in H1


The Thessaloniki Port Authority posted strong financial results in the first half of 2014 as it saw traffic increase and costs decrease.

Turnover amounted to 27,099,923 euros, an increase of 9.13% compared to EUR 24,833,287 in the corresponding period of 2013. Sales grew in all operational areas – by 12.93 pct in the container terminal and 4.19 pct in the other port areas.

Gross profit amounted to EUR 13,171,572, an increase of 29.96%, compared to EUR 10,135,030 for the first half of 2013.

Earnings before tax amounted to EUR 13,756,713, an increase of 17.18%, compared to 11,739,387 in the corresponding period of 2013.

Profit after tax amounted to EUR 10,467,551, an increase of 13.54%, compared to 9,219,156 euros last year.

Operating profit (EBITDA) for the first half of 2014 amounted to 14,054,330 euros, an increase of 30.84%.

Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the wages of the workforce by 10.60 as a large part went into retirement.

In the January – June 2014 period, the port handled 161.640 TEUs, up 12.63 pct compared to the first half of 2013. General cargo handled rose by 11.93 pct while general cargo also rose 0.34 pct.

OLTH CEO Stelios Angeloudis commented: “As the numbers show, the Thessaloniki Port Authority maintains its momentum despite the fact that the Greek economy is in recession for the past six years. The strategic geographical location of Thessaloniki in combination with the quality of port services we provide create a competitive advantage, which we utilize”.
- See more at: http://www.shippingherald.com/Admin/ArticleDetail/ArticleDetailsFinanceEconomy/tabid/104/ArticleID/16940/Thessaloniki-Port-reports-record-profit-in-H1.aspx#sthash.rzVgwj8u.dpuf