MacroPolis

OTE posts first revenue increase in 9 years

The Hellenic Telecommunications Organisation’s (OTE Group) full year 2016 results show that year on year growth remained stable after nine years of contraction.

Jumbo sees 12 percent profit rise in H1 2016

Greek household retail giant Jumbo has released its H1 results, showing that net profit increased by 12 percent in the first half of the current fiscal year, rising from 72.5 million euros in the same period last year to 81.4 million euros.

Hellenic Petroleum's EBITDA rises 88 pct in 2016

Greece’s largest oil refiner, Hellenic Petroleum’s full year results for 2016 show that for a second year running, the group achieved significantly high results, making up for losses posted in 2013 and 2014.

Piraeus Port Authority's pre-tax profits rise 13 pct in 2016

The Piraeus Port Authority (PPA) has released its annual financial statement for 2016, showing that pre-tax profits increased by 13 percent during the year.

Coca-Cola HBC’s net profits grow 22.5 pct in 2016

Coca-Cola HBC’s annual results to 31 December 2016 show that net sales revenue rose by 3.0 percent on an FX-neutral basis.

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.

Number of new companies registering in 2016 half of those in 2008

The number of new companies registered in Greece in 2016 fell by 33 percent from 2012 and halved compared to the 2008 figure, a study by Endeavor titled “Greek Entrepreneurship in Numbers” revealed on Wednesday.

Greece’s M&A market stagnates during recession

By: Omaira Gill

Mergers and acquisitions (M&As) are an important element to corporate growth but one that Greece appears to be lacking.

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).

Terna Energy sales up by 9.7 pct for 9-month

Renewable energy company, Terna Energy’s 9-month 2016 results show that sales stood at 148.3 million euros, up by 9.7 percent compared to the 9-month 2015 figure of 135.2 million euros.