Financial Statements for the third quarter 2012


 Piraeus 22/11/2012



An increase in gross profit by 49.8% and net profit after tax by 22.5% was depicted in the financial information for the first nine months of 2012 versus the same period of 2011.
According to the financial statements of the period 01.01.2012-30.09.2012, approved by the Board of PPA SA:
a) The revenues of PPA SA increased by 1%.
b) Revenues from the Container Terminal increased by 22.3%.
c) The revenues from the Car Terminal increased by 6% and
d) Operating expenses fell by 4%.
As the President and CEO of PPA SA, Mr. George Anomeritis said at the meeting of the Board: "Despite the ongoing crisis in the field of maritime transport and import/export trade (goods and cars), PPA SA for a consecutive third year shows positive results and profits, which are expected to be reflected in the financial statements of the 12 months of the year 2012."
It is noted that the share of PPA SA has also had an increase during the year, by 68.66% from 01.01.2012 to 21.11.2012, when the general index for the same period in the ASE increased by 23.46%.
The share of PPA SA compared to the previous year lowest price (7.05 Euros) and its current price (14.75 Euros), shows an increase of 109%.