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Thessaloniki Port Authority Presents Improved Nine-month Performance

Thessaloniki Port Authority presents improved nine-month performance

Source: PortSEurope
Thessaloniki, Greece (PortSEurope) November 28, 2021 – Thessaloniki Port Authority S.A. (ThPA) has announced it results for the third quarter of 2021 which show increased revenue and container/cargo throughput in the first nine months of 2021. Financials In the third quarter of 2021, ThPA group recorded total revenue of €19.73 million ($22.33 million), up 9.7% on the same period of 2020 (€17.99 million). This included
conventional cargo up 12% and container cargo 7.5%. The overall figure for this year included €330,000 for ThPA Sofia, which did not present figures in 2020. In the period of January-September 2021, ThPA group reported total revenue of €56.44 million, up 7.1% (€52.68 million). Conventional cargo was €16.48 million (+9.9%) and container cargo 38.4 million (+5.7%). The increases were lower than forecast due to the Covid-19 coronavirus crisis and the global supply chain problems.The primary drivers for revenue increases and profitability were the implementation of improved export procedures and the container tariff restructuring actions, as in previous years. Profitability was mainly affected by the pandemic, which slowed the movement of cargos internationally, resulting in lower than anticipated volumes, thus in lowerrevenues than anticipated. Cargo In quarter three, TEUs handled were 121,000 (+2.7%) compared to 118,000 in the same period of 2020. Conventional cargo was 1.004 million tons (+5.6%) In January-September 2021, TEUs handled were 356,000 (+6.2%) and conventional cargo 3.144 million tons (+10.7%). In the first nine months of the year, over 5,600 TEUs were transferred using 166 trains to the newly established subsidiary ThPA Sofia. The full ThPA press release with tabular data can be accessed here Further PortSEurope news about the port of Thessaloniki Copyright (C) PortSEurope. All Rights Reserved. 2021.

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