PPC profits rise but turnover falls in Q3 2016

EconomyCorporates Tags: Corporates, PPC, Results
By Panayiotis Tzamaros/Fosphotos
By Panayiotis Tzamaros/Fosphotos

Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim 9-month 2016 financial statement showing that turnover fell by 9.2 percent, standing at 4.04 billion euros for the period in 2016 versus the same time in 2015 (4.45 billion euros).

The fall in turnover is attributed to the reduction of total electricity demand, the reduction of PPC’s average market share (in GWh) in the retail electricity market and the consequent deterioration of sales mix, the new tariff policy for commercial an...

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