THESSALONIKI PORT AUTHORITY S.A.

The Board of OLTH SA approved today 27/11/2015 the Financial Report for the period of 1/1/2015-30/9/2015

The company's turnover at the period of 01/01/2015 to 30/09/2015 amounted to 38,111,535€ against 39,897,608€ at  the same period in 2014, exhibiting an decrease by (4.48%), attributed  to  the  decrease of the sales in operational sectors, Container Terminal by 1.08%, Conventional port by 9.62%, the sales at Exploitation of premises  by 4.79%   the sales at Passengers Traffic by 7.73%.


At the period of 01/01/2015 to 30/09/2015, the unitized cargo (containers) handled 252,127 containers (TEU's), increased by 1.03% against   the same period in 2014, decreased by 31.23%   in general Conventional cargo and decreased by 1.57% in  bulk Conventional cargo.

 
Total revenues   decreased by 6.41% against the same period in 2014, due to  the  decrease of the sales and to the reduction of financial income by 45.42% due to the significant drop in interest rates on invested assets of the company.


Total expenses decreased by 2.09% against the same period in 2014, mainly by reducing the personnel wages and expenses by 5.28%.

 

Gross profit amounted to 18,383,975€ against 18,995,289€  in 2014

 (-3,22%).
The operating profit (EBITDA) at the period of 01/01/2015 to 30/09/2015 amounted to 20,315,627€ against 21,664,422 € in 2014 (-6.23%).

Earnings before taxes amounted to 18,686,655€ against 21,038,703€ in 2014 (-11.18%), while after-tax results amounted to 13,527,477€ against 15,838,566€ in 2014  (-14.59%).