Attica Group Posts Positive 1st-half 2016 Results

Attica Group’s first-half 2016 consolidated revenue rose to 109.63 million euros compared to 108.87 million euros in the same period last year, the company said on Tuesday.

Meanwhile, earnings (before taxes, depreciation, interest and depreciation) grew by 13 percent year-on-year in the first six months of 2016 to 21.66 million euros.

The Athens-based group’s fixed assets stood at 555.46 million euros against 565.52 million euros on 31.12.2015.

“The improvement in consolidated operating results compared to the extremely satisfactory corresponding period in 2015 confirms the continued positive performance of the Group amid deteriorating market liquidity conditions as well as the continuing capital controls,” the company said in a statement.

The group also reported improved traffic volumes up by 10.5 percent in private vehicles and by 8.9 percent in freight units.

In efforts to strengthen performance, the company launched ferry services between Morocco and Europe carried out through newly established Moroccan company Africa Morocco Links (AML) between the ports of Tanger Med in Morocco and Algeciras in Spain.

Listed company Attica Group is the mother company of Superfast Ferries and Blue Star Ferries and with its fleet of 13 vessels serves over 40 destinations in Greece (Cyclades, Dodecanese, North-East Aegean and Crete) and Europe (Italy).