Bad debt provisions impact on PPC’s 2015 results

EconomyCorporates Tags: Corporates, PPC, Results
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Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its annual financial report on Tuesday, which showed that the company ended the year with losses.

The company’s overall turnover for 2015 was 5.74 billion euros compared to 5.86 billion for 2014, a decrease of 2.1 percent, largely attributed to a decrease in revenue from energy sales.

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