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Commentary of financial results of third quarter for the fiscal year 2014

The Board of OLTH SA approved today 24/11/2014 the Financial Report for the period of 1/1/2014 –  30/9/2014.

The company’s turnover at 30/9/2014 amounted to 41.051.994€ from 37.559.626€ in 2013, increased by (9.30%), because of increased sales in all operational sectors (sales of Container Terminal increased by 9,71%, Conventional port increased by 8,81%, while showed increases in sectors of Passengers Traffic18,26%  and Exploitation of spaces 5,95%.

At  the period of  1/1/2014 until 30/9/2014 the unitized cargo (containers) handled 249.563 containers (in TEU), increased by 11,79% from  the same period in 2013, increased by 19,32%   in general cargo and also increased by 6,86% in dry bulk cargo.

Total revenues increased by 4,04% from the same period in 2013, despite the reduction of financial income by 42,52% due to a significant drop in interest rates on invested assets of the company.

Total expenses decreased by 5,49% from the 30/9/2013, mainly by reducing the personnel wages and expenses by 7,58%.
Gross profit amounted to 20.149.674€ over 16.225.752€ in 2013 (+24,18%).

Earnings before taxes amounted to 21.038.703€ over 17.975.101€ 2013 (+17,04%), while after-tax results amounted to 15.838.566€ over 13.760.975€ (+15,10%).

The operating profit (EBITDA) at 30/9/2014  amounted to 21.664.422€ (+27,19%).