Estonia, Port, Tourism, Transport
International Internet Magazine. Baltic States news & analytics
Friday, 26.04.2024, 16:19
Port of Tallinn nets EUR 26.8 mln in 9 months
The
company's total revenue meanwhile grew to 99.3 million euros.
The reduction in net profit resulted from increases by
respectively 3.3 million euros in the income tax paid on dividend and by 1
million euros in financial costs, it appears from the interim report.
Financial costs increased as a result of the
completion of passenger ferries, the interest costs from the period of
constriction of which were capitalized.
Sales revenue in the nine months totaled 83.3 million
euros, marking an increase of 10.1% over the same period last year. Total
revenue amounted to 99.3 million euros as a result of other revenue in the
amount of 16 million euros. Total revenue increased by 29% year over year.
Freight handled by the ports of Port of Tallinn during
the nine months totaled 14.3 million tons, 9% less than the amount handled in
January-September 2016. The reduction was a result of smaller amounts of liquid
cargoes handled, whereas in other cargoes a certain improvement was registered.
The number of passengers in the nine months grew by
4.3% to 8.2 million passengers. Increases were registered in passenger numbers
on the Tallinn-Helsinki route, in cruise passengers, and on the
Tallinn-Stockholm route. The passenger numbers do not include the passengers
served by the subsidiary TS Laevad in ferry services between the mainland and
Estonia's big western islands.