The Board of OLTH SA approved today 28.08.2014 the Financial Report for the first half of 2014.
The company’s turnover for the first half of 2014 amounted to 27,099,923 € from 24,833,287 € in 2013, increased by 9.13%, because of increased sales in all operational sectors sales of Container Terminal increased by 12.93%, Conventional port increased by 4.19%, while showed increases in sectors of Passengers Traffic and Exploitation of spaces.
In the first half of 2014 the unitized cargo (containers) handled 161 640 containers (in TEU), increased by 12.63% from the same period in 2013, increased by 11.93% in general cargo and increased by 0.34% in dry bulk cargo.
Total revenues increased by 2.57% from the same period in 2013, despite the reduction of financial income by 45.31% due to a significant drop in interest rates on invested assets of the company.
Total expenses decreased by 7.62% from the first half of 2013, mainly by reducing the personnel wages and expenses by 10.60%.
Gross profit amounted to 13.171.572 € over 10.135.030 € in 2013 (+ 29.96%).
Earnings before taxes amounted to 13.756.713 € over 11.739.387 € 2013 (+ 17.18%), while after-tax results amounted to 10.467.551 € over 9.219.156 € (+ 13,54%) .
The operating profit (EBITDA) for the first half of 2014 amounted to 14.054.330 € (+30. 84).
