The Piraeus Port Authority (PPA) has announced the successful conclusion of its Annual General Meeting of shareholders, which was held via teleconference on July 4, 2024.
All agenda items were approved by the majority, including the Annual Financial Statements and the Dividend Distribution for the fiscal year 2023 (covering January 1, 2023, to December 31, 2023).
The Board of Directors recommended a gross dividend of €1.34 per share, marking a 29% increase compared to 2022.
Highlights from the 2023 Annual Financial Report include total revenues of US$238 million, reflecting a 12.9% increase from 2022. Profits before taxes reached US$104 million, a 28.8% rise from the previous year, and profits after taxes grew to US$72 million, a 26.3% increase from 2022.
These results represent the company’s highest revenue and profitability to date, showcasing Piraeus Port Authority’s continuous improvement for the third consecutive year.
LIN Ji, Chairman of the Piraeus Port Authority, commented, “Our company’s upward trend and enhanced financial results, particularly for the third consecutive year, show that our strategies for port development and modernization, along with significant operational decisions, are on the right track. These efforts are establishing Piraeus as a leading port in the Mediterranean and Europe.”
He added, “Greece’s largest port continues to deliver high-quality, integrated port services, ensuring industry reliability and competitiveness. Together with our commitment to sustainable growth, environmental stewardship, and contributing to society and future generations, we are building a resilient port that creates benefits and value for everyone, now and in the future.”
