Thessaloniki Port Authority S.A. Reports Higher Six-Month Financial Results
Specifically, following the approval of the Semi-Annual Financial Report from the Board of Directors (BoD) on 25.09.2024, it is announced that the consolidated revenue of the Group for the 1st half of 2024 was increased by 17,3%, to € 48,4 mil., from € 41,2 mil. for the 1st half of 2023. All key business units at group level, showed revenue increase: the container terminal posted a significant revenue increase of 16,7% (to € 34,3 mil.), the conventional cargo terminal increased by 20,7% (to € 10,9 mil.), the real estate sector and passenger traffic (cruise & ferry) increased by 11,0% and 108,5% respectively (to € 2,1 mil. and € 0,6 mil. respectively).
Regarding the performance of the Group, there was a net increase in profitability at all levels: Gross Profits increased by 29,2%, to € 22,4 mil., Operating Profits (EBITDA) increased by 37,6% to € 20,8 mil. and Net Profits after taxes of the Group increased by 62,3%, to € 13,6 mil. The capital expenditure plan (CapEx) for the 1st half of 2024 reached € 2,8 mil., while it is expected to be accelerated in the 2nd half, with purchases of new container stacking equipment as well as various loading and unloading equipment, while upgrades to the Port’s infrastructure and equipment are underway.
