Greek Thessaloniki Port 2007 profit up four-fold

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Greek Thessaloniki Port 2007 profit up four-fold
Mon Mar 31, 2008 4:29am ED ATHENS, March 31 (Reuters) - Greece's Thessaloniki Port Authority (OLTH) (OLTr.AT: Quote, Profile, Research) reported profit for 2007 nearly four-fold as sales increased, it said in a financial statement published on Monday.

Net profit for the year advanced to 13.9 million euros ($21.91 million) from 3.64 million euros a year earlier, while turnover rose 44 percent to 66.28 million euros.

OLTH, Greece's second-largest port, also said it would propose a total dividend of 0.46 euros per share for 2007, up from 0.2 euros in 2006.

Greece recently launched a tender inviting companies to upgrade and run commercial facilities at its ports in Piraeus and Thessaloniki to boost their role as regional hubs.

Last week, Greece's main commercial port, Piraeus Port Authority (OLP) (OLPr.AT: Quote, Profile, Research), reported a 103.3 percent rise in net profit, to 24.8 million euros. ([ID:nL28725151]) (Reporting by Renee Maltezou; Editing by Quentin Bryar)