{"id":5415,"date":"2013-08-01T00:00:00","date_gmt":"2013-07-31T22:00:00","guid":{"rendered":"https:\/\/pre-www.ts.ee\/the-half-year-profit-of-port-of-tallinn-increased-by-a-third\/"},"modified":"2013-08-01T00:00:00","modified_gmt":"2013-07-31T22:00:00","slug":"the-half-year-profit-of-port-of-tallinn-increased-by-a-third","status":"publish","type":"post","link":"https:\/\/www.ts.ee\/en\/the-half-year-profit-of-port-of-tallinn-increased-by-a-third\/","title":{"rendered":"The half-year profit of Port of Tallinn increased by a third"},"content":{"rendered":"<p><strong>The  unaudited half-year net profit of Port of Tallinn (AS Tallinna Sadam)  reached 17,4 million euros, showing an increase of one third in  comparison with same period last year. Company&rsquo;s turnover grew by one  sixth to 55 million euros in the first half of the year.<\/strong><\/p>\n<p align=\"left\">&bdquo;Despite  increasingly stiffer competition in the Baltic Sea and a somewhat lower  cargo throughput, the company&rsquo;s operating income and profitability have  shown a significant increase,&ldquo; notes Mr. Marko Raid, the Chief  Financial Officer of Port of Tallinn.<\/p>\n<p align=\"left\">&nbsp;<\/p>\n<p align=\"left\">According  to Mr. Raid, new services such as those offered by the new icebreaker  Botnica had a positive impact on the half-year turnover. Profit grew  further due to the handling of additional types of goods &ndash; in May, a  logistics park was opened in Muuga where the handling of products with  added value creates more work and more profit for the ports.<\/p>\n<p align=\"left\">&nbsp;<\/p>\n<p align=\"left\">The  operating expenses of Port of Tallinn reached 25,6 million euros in the  first half of the year, showing an increase of 14% in comparison with  same period last year. The increase was mainly due to the expenses  incurred in relation to the acquisition of the new icebreaker Botnica.<\/p>\n<p>&nbsp;<\/p>\n<p>The  volume of cargo handled in the ports of Port of Tallinn totaled at  14,93 million tonnes in the first six months of the year, showing a  decrease of 6% in comparison with same period last year. This June, the  cargo volumes of Tallinna Sadam showed an increase for the first time in  the past year and a half.<\/p>\n<p>&nbsp;<\/p>\n<p align=\"left\">In  the first half of the year, the passenger volume of Port of Tallinn  reached 4,2 million people, which is 4% more than during the same period  last year. The number of cruise passengers grew the most, increasing by  25%.<\/p>\n<p>&nbsp;<\/p>\n<p>In  the first six months of the year, the ports of Port of Tallinn welcomed  3446 ships, of which 1000 were cargo and 2446 passenger ships.<\/p>\n<p>&nbsp;<\/p>\n<p>Port  of Tallinn is the largest cargo and passenger port complex in Estonia.  Port of Tallinn consists of five harbours: Old City Harbour, Muuga  Harbour, Paldiski South Harbour, Paljassaare Harbour and Saaremaa  Harbour. Port of Tallinn, a state enterprise, was founded in April of  1992; in 1996 it was transformed into a public limited liability company  with the Republic of Estonia as the sole shareholder.<\/p>\n<hr \/>\n<p><span style=\"font-size: x-small\"><i>Additional Information: Marko Raid, the Chief Financial Officer of Port of Tallinn, Office: +372 631 8047, E-Mail: m.raid@ts.ee<\/i><\/span><\/p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The unaudited half-year net profit of Port of Tallinn (AS Tallinna Sadam) reached 17,4&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5415","post","type-post","status-publish","format-standard","hentry","category-uncategorized-et"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The half-year profit of Port of Tallinn increased by a third | Port of Tallinn<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ts.ee\/en\/the-half-year-profit-of-port-of-tallinn-increased-by-a-third\/\" \/>\n<meta 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