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Home BUSINESSPort of Tallinn net profit surges 21 pct to 40 mln euros
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Thu, 23 Jan, 2014 03:19:49 AM
FTimes-Xinhua Report, January 23
 
 
Port of Tallinn, Estonia's State-owned port operator, has recorded a net profits of nearly 40 million euros (54 million U.S. dollars) in 2013, up 21 percent year on year.
 
Sales also grew, passing the 100-million euro mark for the first time, which is 15 percent higher than the 2012 figure, the company said in a press release Wednesday.
 
The company attributes the growth to growing passenger numbers in the year of 2013, which is over nine million and exceeds the previous record of 8.84 million in 2012.
 
The company's Chairman of the Supervisory Board Neimar Seli, said that the company has successfully navigated changes in the market and has increased income from port fees, despite a drop in cargo volumes.
 
The Port of Tallinn is the country's largest cargo and passenger port complex. It consists of five harbors: Old City Harbor, Muuga Harbor, Paldiski South Harbor, Paljassaare Harbor and Saaremaa Harbor.
 
 
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