Piraeus Port Authority (OLP) booked earnings of EUR 6.8m ($7.4m), less than the EUR 8m seen in 2013.

Annual revenue logged a small decline from EUR 108.6m to EUR 104.3m in 2014.

The company attributed the drop in profit to the unstable economic and political situation in Syria, Ukraine and the Middle East.

OLP released its results at a time when Syriza top executives have declared contradictory opinions about the sale of the majority stake of the port.

Thodoris Dritsas, Greece’s shipping minister, said in late January that privatisation plans would be halted.

But deputy prime minister Yannis Dragasakis said during an official visit to China that the sale of OLP will be completed within weeks.

A week ago, Chinese terminal operator Cosco Pacific published its annual results which saw the port of Piraeus as one of the company’s most successful investments.