Corporates
Corporates had tough first quarter as pandemic dragged on
With many large corporates having now reported their financials for the first quarter (Q1), the results showed them continuing to feel the squeeze to both their top and bottom lines.
Corporations kick off Q1 earnings season with improved profits
The first batch of Greek corporations to report earnings for the first quarter have been showing a pick up in profitability, even if revenue remains pinched.
Terna Energy net profit increases by 39.3 pct in 2020
Renewable energy company Terna Energy’s full year results for 2020 revealed that revenue rose by 10 percent year-on-year and came to 328.1 million.
GEK Terna posts net profit of 12.5 million in 2020
Greek construction and energy group GEK Terna’s net income attributable to shareholders dropped to 12.5 million euros in 2020 from 23.5 million euros the year before.
PPC returns to profitability in 2020, posting net income of 35.2 mln
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), posted a 2020 net profit of 35.1 million euros, following a loss of 1.69 billion euros a year earlier.
Lamda Development reports net loss of 51.7 mln in 2020
Property developer Lamda Development’s full year results for 2020 show a net loss of 51.7 million euros, from a net profit of 49.9 million in 2019.
Aegean Airlines posts 2020 loss of 227.9 mln as Covid batters air travel
Aegean Airlines reported a 68.3 percent plunge in revenue in 2020 compared to the year before as the Coronavirus pandemic curtailed air travel.
EYDAP reports net loss of 66.1 mln for 2020 on one-off provisions
The Athens Water Supply and Sewage Company (EYDAP) released its full year financial results for 2020, showing that turnover rose 2 percent, coming in at 330.7 million euros versus 323.7 million euros in 2019.
Ellaktor 2020 loss deepens to 186.7 mln as revenue drops 30 pct
The Ellaktor Group of Companies’ financial results for 2020 showed that net income for the financial year came to a loss of 186.7 million euros, compared with a loss of 131.4 million euros last year.
OPAP 2020 net profit grows 1.5 pct on re-measurement of Kaizen stake
The full year financial results of the Greek Organisation of Football Prognostics (OPAP), the country’s leading game operator, show that gross gaming revenues fell by 30.3 percent in 2020 compared to 2019.