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EconomyCorporates
Corporates had tough first quarter as pandemic dragged on With many large corporates having now reported their financials for the first quarter (Q1), the results showed them continuing to feel the squeeze to both their top and bottom lines.
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EconomyBanking
NBG posts 557 mln profit in Q1 National Bank of Greece (NBG) reported a profit after tax of 557 million euros in the first quarter (Q1), compared with a profit of 304 million euros in the same quarter of 2020.
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EconomyBanking
Eurobank posts Q1 net profit of 70 mln Eurobank posted a net income of 70 million euros in the first quarter (Q1), an increase of 13 million compared with the same quarter of 2020.
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EconomyBanking
Piraeus announces Q1 loss of 407 mln as provisions mount Piraeus Bank posted a loss of 407 million euros in the first quarter (Q1) as it suffered from impairments arising from Covid and loan securitisation losses.
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EconomyBanking
Alpha Bank announces 800 mln share capital increase; Q1 net loss of 282.2 mln Alpha Bank reported a net loss of 283.3 million euros for the first quarter (Q1) of 2020 on Monday, bringing forward the publication of its results by several days after announcing on that it would carry out an 800 million euro share capital increase.
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Corporates
Corporations kick off Q1 earnings season with improved profits The first batch of Greek corporations to report earnings for the first quarter have been showing a pick up in profitability, even if revenue remains pinched.
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EconomyCorporates
Terna Energy net profit increases by 39.3 pct in 2020 Renewable energy company Terna Energy’s full year results for 2020 revealed that revenue rose by 10 percent year-on-year and came to 328.1 million.
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EconomyCorporates
GEK Terna posts net profit of 12.5 million in 2020 Greek construction and energy group GEK Terna’s net income attributable to shareholders dropped to 12.5 million euros in 2020 from 23.5 million euros the year before.
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EconomyCorporates
PPC returns to profitability in 2020, posting net income of 35.2 mln Greece’s largest power company, the majority state-owned Public Power Corporation (PPC), posted a 2020 net profit of 35.1 million euros, following a loss of 1.69 billion euros a year earlier.
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EconomyCorporates
Lamda Development reports net loss of 51.7 mln in 2020 Property developer Lamda Development’s full year results for 2020 show a net loss of 51.7 million euros, from a net profit of 49.9 million in 2019.