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
Property tax eats into Grivalia’s 2016 profits
Grivalia Properties has released it end of year financial results for 2016, showing that the Group’s operating profit for the year came to amounted to 32.4 million euros compared to 64.9 million euros for 2015, a drop of 50 percent.
Net operating profits stood at 26.4 million euros compared to 61.9 million euros for 2015, a drop of 57.3 percent. Adjusted EBITDA stood at 46.1 million euros, up by 2 percent compared to the figure of 45.2 million euros for the previous year.
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