Piraeus Port Authority pre-tax profits up 13% in 2016

17 February 2017
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The now Cosco-managed Piraeus Port Authority on Thursday reported a 13-percent increase in pre-tax profits for 2016, with turnover totaling 103.5 million euros, up from 99.9 million in 2015.

Pre-tax profits totaled 11 million euros, up from 9.8 million in 2015.

Overall operating expenses dropped by 8 percent to 92.8 million euros in 2016, down from 110.9 million in 2015.

The Chinese multinational assumed control of the port authority in August, after also purchasing a majority of its shares.

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