PPC drafts five-year strategic business plan aimed at halting slide

EconomyCorporates Tags: Corporates, Energy, PPC

PPC has been struggling for several years now and was one of the main focuses of Greece’s lenders when it came to restructuring the country’s economy. PPC’s latest annual report showed that net profits had fallen by 47.9 percent in 2017, coming to 88.7 million euros against last year’s figure of 170.2 million. 

Between 2009 to 2015, EBIT fell by over 85 percent, going from 1.35 billion to 194.6 million, while EBITDA fell by 48.2 percent to 1 billion versus 1.96 billion. In 2017, EBITDA was reported at 606 million euros, with EBIT landing at a loss of 115.1 mil...

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