Piraeus Port marks 30.8% increase in profits for 2024; proposal for distribution of 1.92 euro/share dividend

23:59 31/3/2025 - Πηγή: iEfimerida

The Piraeus Port Authority SA registered a 30.8% increase in profits during fiscal 2024, its management said on Monday, presenting the annual report.

Specifically, total revenues amounte to 230.9 million euros, up by 5.0% or 11.1 million euros compared to 2023. Profits before taxes amounted to 112.9 million, marking a 17.4% increase, while net profit after taxes amounted to 87.4 million euros, up by 30.8%. The results confirm the growing financial strength and operational efficiency of the company, they said. In addition, cash and cash equivalents amounted to 204.5 million euros on December 31, 2024.

Management proposed a dividend distribution of 1.92 euros per share, up 43.7% compared to the corresponding dividend of 2023 (1.336 euros). This is the highest dividend and the highest profitability in the history of the company, registering improved financial results for the fourth year running.

PPA SA CEO Su Xudong stated, "We are proud to announce yet another year of strong economic and operational performances. Despite the uncertain global environment, we managed to register historic results anew, investing in the future of the port at the same time. This proves the strength of our strategy and the devotion of our people. The proposed dividend reflects our commitment to create value for our shareholders and to support the long-term development of the port and the Greek economy."

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