The Thessaloniki Port Authority S.A. (ThPA S.A.) has revealed its financial results for the first half of 2024, showing a growth increase of 17.3 per cent.
The port’s consolidated revenue for the first half of 2024 grew to €48.4 million ($53 million ), up from €41.2 million ($45 million) in the first half of 2023.
Revenue increased across all key business units at the group level, with the container terminal increasing by 16.7 per cent to €34.3 million ($38.2 million), and the conventional cargo terminal increasing by 20.7 per cent to €10.9 million ($12.1 million).
The ports’ profitability improved at all levels, with gross profits growing by 29.2 per cent to €22.4 million ($24.9 million), operational profits (EBITDA) increasing by 37.6 per cent to €20.8 million ($23.1 million), and net profits after taxes increasing by 62.3 per cent to €13.6 million ($15.1 million).
The capital expenditure plan (CapEx) for the first half of 2024 was €2.8 million ($3.1 million), with the port expecting this to increase in the second half with purchases of new container stacking, loading, and unloading equipment.
The Executive Chairman of the BoD, Athanasios Liagkos, said: “ThPA S.A. recorded strong
performance in all key business units in the first half of 2024, showing increased revenue and profit at group level.
“The dynamic start of 2024 highlights the progress in achieving our goals. Acting collectively and based on our strategic plan, we are implementing actions that strengthen the leading role of the Port of Thessaloniki in international trade, promoting connectivity, the development of the wider port community and the country.”
In July, ThPA S.A. announced it is bolstering its reefer container handling capabilities by incorporating RTE’s GRASP automated reefer monitoring platform for the Port of Thessaloniki.