The Klaipėda Port Authority will pay dividends to the state Business

in 2023 The joint-stock company Klaipėda State Seaport Directorate earned 27.9 million. EUR net profit and will pay 19.5 million to the state for the previous year. EUR dividends, that is 70 percent. net profit.

“The port of Klaipėda remains an important part of the Lithuanian economy. Despite the challenges of the times, the Port Authority is able to implement the goals set by the state, develop the port and ensure profitability. Therefore, the Port Authority will make its contribution to the state budget by paying dividends”, says Algis Latakas, Director General of the Klaipėda State Seaport Authority.

in 2022 the company’s net profit was 24.5 million EUR, of which 14.23 million EUR was converted into shares of the Port Authority, changing the legal form from a state-owned company to a joint-stock company. At that time, the company paid 7.67 million to the state budget. Dividends of EUR.

Last year, the income of the Port Authority reached 58.9 million. euros, that is almost 2 million euros less than in 2022. However, in 2023 were marked by record investments in infrastructure development. More than 97.5 million were invested last year. euros: the harbor channel was deepened to 15.5 meters, more than a kilometer of quays were reconstructed, other works were carried out.

One of the most important factors determining the competitive advantage of ports is port infrastructure and its adaptation to changing market trends. Therefore, the investments of the Port Authority are directed to the improvement of the existing infrastructure of the port, the creation of a new one, taking into account market changes and needs, in order to ensure the competitiveness of the port.

As announced, in 2024-2027 234 million is planned to be invested in the infrastructure development of Klaipėda port. Eur. Two-thirds of the investments are expected to be allocated to new activities, to create new capacity, and regarding one-third to maintaining the existing infrastructure.