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

MILAN — Edoardo Ronzoni inspects a construction site near Milan that he shut down in March as costs for materials skyrocketed.

Top Stories

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

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.

General News

PHILADELPHIA – The Federation of Hellenic Societies of Philadelphia and Greater Delaware Valley announced that the Evzones, the Presidential Guard of Greece will be participating in the Philadelphia Greek Independence Day Parade on March 20.

Video

Mission, TNH’s New Travel Documentary Series with Clelia Charissis (Trailer)

Every weekend, TNH and Clelia Charissis are on a mission, traveling around Greece and the world to highlight places through the people we meet along the way.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

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