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Thessaloniki Port Authority AGM Approves Annual Financial Report

Thessaloniki Port Authority AGM approves annual financial report

Thessaloniki Port Authority AGM Approves Annual Financial Report

Thessaloniki, Greece (PortSEurope) June 28, 2019 – The Annual General Meeting of Thessaloniki Port Authority SA (ThPA) June 26, 2019 in Thessaloniki and approved the Annual Financial Report for the Fiscal Year 2018 and the distribution of d a dividend of € 0.57 per share.

In the general meeting, the 79.44% of the shareholding capital was represented and the activities and the financial results for the fiscal year 2018 were presented. According to the financial results, the company’s turnover for the year 2018 reached an amount of €58.5 million as compared to €54.2 million in the Year 2017, showing an increase of 7.9%.

Earnings before Tax reached €24.5-7 million as compared to €12.5 million in the Year 2017, showing an increase of 98.2%, while Earnings after Tax reached €17.15 million as compared to €7.2 million in the Year 2017, showing an increase of 136.8%. The company’s financial data clearly reflect the increase in throughput at the container terminal by 6%, conventional cargo by 4%, as well as the significant improvement in the efficiency of the company’s facilities and equipment.

Thessaloniki Port Authority was privatised on March 23, 2018, and is now operated by South Europe Gateway Thessaloniki (SEGT) Ltd, a consortium, in turn, owned by Deutsche Invest Equity Partners GmbH (47%), Terminal Link SAS (33%) and Belterra Investments Ltd (20%).

Source: ThPA

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