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Piraeus Port says EBITDA up 6% in Q1

Piraeus Port Authority on Monday reported an 8% increase in its first quarter revenue to 43.92 million euros, from 40.68 million in the corersponding period last year.

After tax profits rose 3% to 12.98 million euros, from 12.64 million in 2022, while EBITDA rose 6% to 22.34 million euros. Piraeus Port Authority said its bank borrowing was 38.5 million euros, down from 44.5 million at the end of 2022, while cash reserves amounted 153.7 million euros. The company said its investment plan was progressing as scheduled and that investments totaled 1.9 million euros in the first three months of the year.