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Piraeus Port Authority 2011 Profit Declines to EU6.5 Million

Piraeus Port Authority SA, Greece’s biggest port operator, posted an 8.5 percent decline in full-year profit as revenue dropped.

Net income last year fell to 6.5 million euros ($8.7 million) from 7.1 million euros in 2010, according to an e-mailed statement from the company today. Revenue declined 9.9 percent to 105.1 million euros.

“Already 2012 is moving more dynamically and profitably,”Chief Executive Officer Yiorgos Anomeritis said in the statement.

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