The net profit of the company grew by 21% to 39.7 million euros.

Port of Tallinn sales revenue exceeds 100 mln euros for the first time in 2013

BC, Tallinn, 22.01.2014.

http://www.baltic-course.com/eng/good_for_business/&doc=86625

Estonian state-owned port operator AS Tallinna Sadam (Port of Tallinn) announced on Wednesday that its consolidated sales revenue in 2013 grew by 15% in a year and exceeded over a hundred million euros for the first time, being 102.1 million euros according to initial data, informs LETA.

The net profit of the company grew by 21% to 39.7 million euros.

The growth of revenues by 13.6 mln euros year-on-year was based on rental income from icebreaker Botnica as well as increase of traditional port fees and housing rights, said AS Tallinna Sadam finance manager Marko Raid.

In 2013 as a whole, Tallinna Sadam serviced 28.2 million tonnes of cargo, by 4.2% less than in 2012. The fall was caused by the fall of solid bulk goods while container cargo volume reached a record level, growing by a tenth.

The number of passengers who used the ports managed by the Tallinna Sadam grew by 4.5% in 2013 to a record 9.2 million year-on-year. The growth was motored by increase of number of regular route passengers on the Tallinn–Helsinki route as well as the increase of the number of cruise passengers to the record nearly 530,000 passengers.

The company's EBITDA was 67.8 million euros, growing by 13% in a year.

AS Tallinna Sadam paid last year as dividends to the state budget 25.3 million euros, plus 6.7 mln euros of income tax on dividends.