THESSALONIKI PORT AUTHORITY S.A.

COMMENTS ON THE FINANCIAL STATEMENT FOR THE PERIOD OF 1.1.2015-30.6.2015

        The company's turnover at the period of 01/01/2015 to 30/06/2015 amounted to 26,609,944€ against 26,306,612€ at  the same period in 2014, exhibiting an increase by (1.15%), attributed  to  the  increase of the sales in operational sectors, Container Terminal by 1.62%, Conventional port by 0.33%, the sales at Exploitation of premises Passengers Traffic by 1.63%  while there is a decrease of the sales at Passengers Traffic by 10.13%.


At the period of 01/01/2015 to 30/06/2015, the unitized cargo (containers) handled 168,589 containers (TEUs), increased by 4.30% against   the same period in 2014, decreased by 29.73%   in general Conventiontal cargo and increased by 6.67% in  bulk Conventional cargo.

 
Total revenues   decreased by 2.32% against the same period in 2014, despite the reduction of financial income by 54.51% due to a significant drop in interest rates on invested assets of the company.


Total expenses decreased by 2.44% against the same period in 2014, mainly by reducing the personnel wages and expenses by 5.67%.

 

Gross profit amounted to 13,421,147€ against 12,378,261€ in 2014 (+8,43%).
The operating profit (EBITDA) at the period of 01/01/2015 to 30/06/2015 amounted to 14,599,250€ against 14,054,330 € in 2014 (+3.88%).

Earnings before taxes amounted to 13,456,185€ against 13,756,713€ in 2014 (-2.18%), while after-tax results amounted to 9,950,091€ against 10,467,551€ in 2014  (-4.94%).