Company Profile For Thessaloniki Port Authority A.E.

Thessaloniki Port Authority A.E. (OLTr.AT) (Athens Stock Exchange)

sector: Industrials · industry: Marine Port Services ·

As of 7:45pm IST

12.49EUR

Price Change

-0.32

Percent Change

-2.50%

Analyst Recommendations

Overview

Thessaloniki Port Authority S.A. is a Greece-based company involved in the management and operation of Thessaloniki port. Its facilities include a conventional port, container terminal, passenger terminal, duty free commercial area and others. Services provided include unitized and conventional cargoes, coastal shipping and cruise liner passengers, ship anchoring, mooring and berthing, as well as car parking lots and links with the road and railway network. The conventional port is equipped with self-moving cranes, diesel skid units, derricks and tractors. The passenger terminal offers waiting rooms, cafeterias, card phones, trolleys for the luggage transportation, taxi station, parking areas and kiosks offering special services and tourist information. The Company’s main clients include industries, shipping and transit agents, and container transportation companies.

Quick Financial Synopsis

BRIEF: For the six months ended 30 June 2009, Thessaloniki Port Authority S.A.'s turnover decreased 19% to EUR21.5M. Net profit decreased 16% to EUR3.6M. Turnover reflects a decrease in demand for the Company's services. Net profit was offset by an increase in distribution charges as well as higher general and administrative expenses. Net profit was also offset by higher other operating expenses and lower financial income.