PPA reported an increase in revenues and profits in the first half of 2024, achieving once again the best historical performance for the period.

In particular, total revenues for the first half of 2024 amounted to € 107.1 million compared to € 102.4 million in the same period of 2023, an increase of € 4.7 million, or 4.6%. This change is mainly due to the significant increase in revenues of the car handling sector by 59.9%, the cruise sector by 13.2%, and the container sector (Pier I) by 4.0%.

There was also a 7.3% increase in profit before tax, which amounted to €53 million compared to €49.4 million in the corresponding period of 2023. Profit after tax amounted to € 40.4 million compared to € 38.7 million, showing a positive change of 4.4% compared to the corresponding half-year of 2023.

CEO STATEMENT

Mr. Lin Ji, Chairman of PPA S.A., expressed his satisfaction with the company's renewed increase in revenues and profits in the first half of 2024, stating. Our company and the Port of Piraeus, as everything indicates, has managed not only to remain unaffected by this situation, but to continue its overall business with upward performance and results, just as it has been doing continuously for a long time. This absolutely demonstrates the correctness of the planning but also of the systematic work, which have ensured all the necessary elements for reliability and, above all, resilience in the Port of Piraeus."