Total: Net earnings increased by 62.3% in the first half of 2024

The net profits of the group increased by 16.7% to EUR 13.6 million . Specifically, with the adoption of the Semester Economic Report by the Board of Directors (Board of Directors), it was announced that the total consolidated revenue of the PPA for the 1st half of 2024 increased by 17.3% to 44.4 million euros, from 41.2 million euros in the 1st half of 2023. All major sectors of activity at group level showed revenue increases: the container terminal experienced a significant increase in revenue by 16.7% (at EUR 34.3 million), the conventional cargo terminal by 20.7% (at EUR 10.9 million) and the area and passenger traffic (cruise & ferry) sectors also experienced significant increases by 11.0% and 108.5 % respectively (at EUR 2.1 million and EUR 0.6 million respectively). With regard to the Group’s performance, there was a net increase in profitability at all levels: Gross Profit increased by 29.2%, to 22.4m euros, Operating Profits (EBITDA) increased by 37.6% to 20.8m euros and Net Profits after taxes of the Group increased by 62.3%, to 13.6m euros. The capital expenditure programme for the 1st half of 2024 amounts to 2.8m euros, while it is expected to be accelerated to the 2nd half with purchases of new container stackers and various loading machines, while improvements in port infrastructure and equipment are under way. The Executive Chairman of the Board, Mr. Athanasios Liagos, pointed out: “OLTH S.A. it has achieved strong performance in all major sectors of activity in the 1st half of 2024, showing increased revenues and profits at group level. The dynamic start of 2024 highlights progress in achieving our goals. Acting collectively and on the basis of our strategic planning, we implement actions that strengthen the leading role of Port Thessaloniki in international trade, promoting connectivity, the development of the wider port community and the country as a whole. We remain committed to upgrading the Port having launched infrastructure and equipment projects at our facilities for the 2nd half of this year. On behalf of the Board of Directors, I would like to thank from the heart all our people for their commitment, which contributed decisively to these strong performances.”