Piraeus, 06.05.2014
PRESS RELEASE
Τhe Presentation of annual results for the use 2014 of PPA SA for the Hellenic Fund and Asset Management Association was held in the Athens Exchange. The briefing to the members of the Association was made from the Chairman and CEO of the company, Mr. Yiorgos Anomeritis and also attended by Deputy CEO Mr. Pan. Petroulis, the General Manager Mr. St. Hatzakos and Financial Director Ms. Aik. Venardou.
Mr. Y. Anomeritis, presenting the financial results of 2014, stressed that in the midst of unfavourable circumstances (Syria, Ukraine, N. Africa, Middle East, etc.), which affect the sizes of maritime transport industry, for the fifth (5th) year running the PPA showed profits.
As it is known, the PPA in the fiscal year 2014 showed the following results:
• Turnover decreased by 4%
• The gross profit showed an increase of 3.3%
• Profit before tax amounted to € 8,891,464.98 compared to € 11,824,617.21 in 2013.
• Operating expenses decreased by 4.76%
• Cash and cash equivalent on 31.12.2014 amounted to € 54,466,299.360 compared to € 40,624,049 in 2013, an increase of 34.1%.
Mr. Y. Anomeritis, on questions about privatization through the sale of 67% PPA SA shares and the procedures to be followed, replied that the questioners’ investors can address to HRADF SA, which is the owner of these shares.
Mr. Y. Anomeritis, among others stated that the PPA is “a growth engine of the Greek economy, Piraeus and its business, by contributing to the social, environmental and cultural processes of the City. The PPA participates in international affairs and moves within the rules of the European port market”.
Mr. Y. Anomeritis in his presentation stated as the main events of 2014:
a. The new Concession Agreement with the PCT SA through "friendly settlement" to build the Western Pier III Pier petroleum of PPA SA, investment cost 230 mil., a project that will generate in 2021 annual revenue for PPA of EUR 110 mil.
b. The construction approval of the South Cruise Pier, investment cost Euro 136 mil. with 95% Community funding.
c. The completion of sea side rail in the car terminal in N.Ikonio
d. The further promotion of studies and projects for the Cultural Coast of Piraeus
e. The continuous promotion on the basis of the strategic planning of development projects amounting to 550 mil. Euro.
The PPA beyond its strategic cooperation in the field of containers with the PCT SA promotes new partnerships especially in the area of the cruise by new alliances with major companies and in the car terminal.
Great satisfaction caused to investors that in May 2015, Piraeus and its port become the center of European maritime and port industry through: (a) the ESPO Conference 2015 and (b) the European Maritime Day, events in which they will participate as delegates and will support the policies of the municipality and the PPA S.A.
The presentation of Mr. Y. Anomeritis on the PPA S.A. sizes in 2014 can be found on www.olp.gr
