Piraeus Port Authority's pre-tax profits rise 13 pct in 2016

EconomyCorporates Tags: Corporates, Results
Photo by Panayotis Tzamaros/Fosphotos
Photo by Panayotis Tzamaros/Fosphotos

The Piraeus Port Authority (PPA) has released its annual financial statement for 2016, showing that pre-tax profits increased by 13 percent during the year.

The port authority, which represents the largest seaport in Greece and one of the largest in Europe, has a split ownership between COSCO (51 percent), the Greek Shipping Union (33.3 percent) and the government of Greece (15.7 percent).

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