Estonia, Financial Services, Good for Business, Port, Transport
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Thursday, 28.03.2024, 10:39
The half-year profit of Port of Tallinn increased by 16% to 20.2 million euros
“The first half of
this year introduced the best ever figures for Port of Tallinn,
both financially and concerning the record number of passengers,” said Ain Kaljurand, the Chairman of
the Management Board of AS Tallinna
Sadam.
The turnover of state-owned Port
of Tallinn increased
by 7% to 59 million euros, while the operating expenses had a raise of
3.3% and reached 26.4 million euros during the same period.
“The best ever turnover and profit were accomplished due to the revenue of
traditional port activities as well as employing the icebreaker Botnica at
the offshore-duties during the summer navigation periood,” added
Kaljurand.
Compared to the previous year the volume of cargo handled in the ports of Port of Tallinn increased by 2% to 15.2
million tonnes. The number of passengers raised by 5% to a record of
4.4 million people, lead by the constant growth on the Tallinn-Helsinki
route.
During the first half-year period Port
of Tallinn
transmitted to Estonian state budget a record amount of dividends –
42 million euros. In addition to the dividend payment an income tax
of 11.2 million euros was provided.
In May 2014 Port
of Tallinn opened a
new 9.34 million euro cruise ship quay in Vanasadam. The quay enables
Tallinn to
moor cruise ships up to 340 metres in length, up to 42 metres in
width, and with the draft of up to nine metres.
The operator finished
the installation of terminal devices in Muuga Harbor’s container terminal
infrastructure and the terminal operated as planned by the end of
the first 6 months of this year.
In six months the ports of Port
of Tallinn were
visited by cargo ships 1051 times and cruise ships 2327 times.