Corporates had tough first quarter as pandemic dragged on
Corporations kick off Q1 earnings season with improved profits
Terna Energy net profit increases by 39.3 pct in 2020
GEK Terna posts net profit of 12.5 million in 2020
PPC returns to profitability in 2020, posting net income of 35.2 mln
Lamda Development reports net loss of 51.7 mln in 2020
OTE's revenue fall by 1.3 pct in 2020; Greek market rebounds in 4Q
Specifically, revenue came to 3.26 billion euros from 3.3 billion a year earlier. On a quarterly basis, for the fourth quarter (Q4) of 2020, revenue showed a drop of 2.3 percent to 849.1 million euros.
Adjusted EBITDA fell by 0.5 percent in the aggregate period from 1.22 billion to 1.23 billion. OTE noted that the results were solid given the unprecedented economic environment, and that Greece was back to revenue growth of 2.9 percent in Q4.
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