PPC’s turnover falls 8.5 pct in H1

EconomyCorporates Tags: Corporates, PPC, Results

Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), has released its H1 financial statement showing that group turnover decreased by 248.8 million euros (8.5 percent) to 2.7 billion in H1 2016 compared to 2.9 billion euros in H1 2015.

This reduction is attributed to the decline of revenues from electricity sales in the relevant period, which came to 2.5 billion euros versus 2.8 billion euros.

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