Grivalia Properties 9-month net profits continue to slump

EconomyCorporates Tags: Construction, Corporates, Results

Grivalia Properties’ financial report for the 9-month period ending September 30 shows that net profits came in at 19.0 million euros, a drop of 62 percent compared to the same period in 2015 (47.9 million euros).

The report notes that during the period the group recorded a provision for doubtful debt relating to receivables from Marinopoulos S.A. General Trade and Marinopoulos Brothers Holdings amounting to 1.5 million euros. This related to the operating lease ...

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