Minoan Lines has reported its highest first half profit in its 44 year hostory.

The Grimaldi Group-controlled company banked EUR 12.2m ($13.7m) in the first six months of 2016, EUR 6.4m higher than the profit posted a year earlier.

Its revenue for the period stood at EUR 72.4m, compared to EUR 78.7m in the corresponding half of 2015.

Minoan said the implementation of a series of measures in the last years have started to bear fruit for the company.

The