Record turnover, profits for Piraeus Port Authority

Cosco-owned Piraeus Port Authority SA (OLP) posted record-high turnover and profits in 2023, the company running Greece's biggest port said.

Total revenues reached 219.8 million euros, up 12.9% from 2022, according to a press statement released on Friday.

Pretax profits reached €96.2 million, up 28.8% compared to the same period in 2022. Profits after taxes also rose significantly to €66.8 million, up more than 26.3% compared with the previous fiscal year. The proposed dividend per share also surged by 29% to €1.34.

The results represent the highest performances in the company's history for both revenue and profitability, marking the third consecutive year of improvement, according to the statement.

The latest remarkable progress was attributed to impressive performance in such sectors as cruise, whose total passenger traffic amounted to 1,484,788 last...