Piraeus Port Authority reported a strong set of earnings results, supported mainly by cruise segment growth. 

Third quarter profits rose 28% y-o-y to 27.1 million euros. Earnings before interest, tax, depreciation and amortisation were up 26% to 39.6 million euros. Revenues increased 18% to 62.3 million euros. 

On a nine-month basis, profits rose 40% y-o-y to 65.9 million euros, while revenues were up 13% to 164.7 million euros. 

"The company continues its upward trend, achieving historically high-performance results that reflects the successful implementation of the plans of its management,” PPA said in a bourse filing.