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Thessaloniki Port Authority Reports Increased Revenues For First Half 2020

Thessaloniki Port Authority reports increased revenues for first half 2020

Thessaloniki, Greece (PortSEurope) September 30, 2020 – Thessaloniki Port Authority (ThPA) has published financial statements of the first half of 2020. In the period January-June 2020, total revenues of ThPA were €34.29 million compared to €32.95 million, an increase of 5,3%. The cahnge due to additional revenues from the container terminal of €2.9 million (14,3%) and the reduction of revenues from the conventional cargo terminal by €1.2
million (-10,3%). Total operating cost increased by 12.3% arising from compensation to executives who resigned in accordance with the decisions of the Ordinary General Meeting on 30.06.2020. Also, in the framework of corporate social responsibility actions, ThPA donated €300,000 to AHEPA, the reference hospital for COVID-19 in Thessaloniki for the purchase of new medical equipment. The operating cost is on par with 2019. Net profits after tax were in line with H1 2019, showing a decrease of 2.4%, from €8 million to €7.8 million in the first semester 2020. The Executive Chairman of the BoD of ThPA, Athanasios Liagkos said: “The fact that the total revenues of the Company showed an upward trend in the first half of 2020 is particularly positive, especially if one takes into account the challenges faced by the transport sector nationally and globally. We remain optimistic and focused on our strategic goal, which is none other than the development of the port of Thessaloniki and the implementation of our investment plan”. Thessaloniki Port Authority (ThPA) 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%). Copyright (C) PortSEurope. All Rights Reserved. 2020.

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