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
PPC profits rise but turnover falls in Q3 2016
Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), released its interim 9-month 2016 financial statement showing that turnover fell by 9.2 percent, standing at 4.04 billion euros for the period in 2016 versus the same time in 2015 (4.45 billion euros).
The fall in turnover is attributed to the reduction of total electricity demand, the reduction of PPC’s average market share (in GWh) in the retail electricity market and the consequent deterioration of sales mix, the new tariff policy for commercial an...
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