"The continuous increase in the company's turnover despite the difficulties we have all faced in the past due to the pandemic, reveals a highly resilient company built on solid foundations," said PPA chairman, Yu Zenggang, when commenting on the financial results.
In 2021, the Athens Stock Exchange-listed PPA saw turnover of €154.2m ($172.7m) up 16% on the €132.9m in 2020. Profit before taxes amounted to €49.2m, compared to €36.9m in the previous year, an increase of 33.3%. Profit after taxes was €36.8m up 39.4%, year-on-year. The proposed dividend per share was €0.63, up 57.5% compared to the €0.40 in 2020.
Compared to 2020, in 2021 PPA-operated pier I container terminal registered an increase of 13.9% in teu handling, the car terminal had an increase of 40.6% in vehicle throughput, cruise terminals achieved a significant recovery by facilitating a total number of 379 cruise vessels and the number of vessels to be repaired at the ship repair docks increased 16.5%.
Yu said the company is implementing its strategic plan for the port with "Piraeus already holding a place among the leading ports in the Mediterranean and Europe". He continued: "The implementation of PPA's mandatory investment plan continues steadily and with absolute consistency. In addition to strengthening the financial position of the company, this creates multiple benefits to the local and national economy.
"With the same dedication and high sense of responsibility we will continue our dynamic sustainable growth path, while staying true to our vision of expanding Greece's Piraeus port into the biggest harbour in Europe and one of the most important ports in the world in environmental, digital, societal and governance terms."
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