x

Economy

Piraeus Port Authority Reports Lower H1 Results

September 29, 2020

ATHENS — Piraeus Port Authority on Tuesday said its first half turnover eased 5.8 pct to 66.5 million euros from 70.6 million in the same period last year. The company attributed this development to a significant drop in revenue from sea cruise (-83.9 pct to 3.7 million euros), coastal shipping (-32.8 pct to 1.6 million euros) and car transport (-28.3 pct to 2.2 million euros).

In an announcement, Piraeus Port Authority said that this development was partly offset by a 17.8 pct increase in the cargo terminal and a 21.8 pct rise in ship repair.

Expenses totaled 44.8 million euros, down 9.2 pct from 2019. Pre-tax earnings totaled 20.9 million euros, down 4.7 pct, while after-tax earnings eased 2.2 pct to 15.5 million euros.

RELATED

ATHENS - After saying a Value Added Tax (VAT) on food as high as 24 percent couldn’t be reduced because it was unaffordable, the New Democracy government has given a cut from that rate to 13 percent for taxis.

Top Stories

Columnists

A pregnant woman was driving in the HOV lane near Dallas.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.

Video

Alberto, Season’s First Named Tropical Storm, Dumps Rain on Texas and Mexico, Which Reports 3 Deaths

TAMPICO, Mexico (AP) — Tropical Storm Alberto rumbled toward northeast Mexico early Thursday as the first named storm of the season, carrying heavy rains that left three people dead but also brought hope to a region suffering under a prolonged, severe drought.

DEIR AL-BALAH, Gaza Strip  — Israeli forces shelled tent camps for displaced Palestinians outside Gaza's southern city of Rafah on Friday, killing at least 25 people and wounding another 50, according to the territory's health officials and emergency workers.

LEIPZIG, Germany  — Kylian Mbappé watched from the substitutes’ bench as France and the Netherlands finished 0-0 in a heavyweight European Championship clash on Friday.

NEW YORK – Greek-American long-distance runner Alexi Pappas was featured in Vogue magazine for her latest role as an ambassador for the outdoor brand Merrell and a film project with Merrell and Vogue.

ATHENS - A total of 64 fires broke out in mixed farm and forest land in the last 24 hours, with 46 of them controlled from the very start, the Fire Brigade said in a briefing earlier on Friday.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. [email protected]

You may unsubscribe at any time using the link in our newsletter.