Mytilineos Group turnover down 10 pct in 2016

EconomyCorporates Tags: Corporates, Results
Photo via www.mytilineos.gr
Photo via www.mytilineos.gr

The industrial conglomerate Mytilineos Group has released its full year 2016 report which shows that overall results for the group were negatively affected by higher depreciation costs (13.5 million euros) in the energy sector. These costs are expected to settle to normal levels in 2017.

Specifically, the group reported a turnover of 1.24 billion euros, down from 1.38 billion euros in 2015, a decline of 10.1 percent. This was attributed to the reduced contribution of the EPC projects sector.

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