Mytilineos

Greek stocks closed their second consecutive week of growth on Friday, approaching the year's highs, though the session offered negligible gains to the main index and the rising stocks outnumbered the losers by the smallest of margins.

Mytilineos on Thursday reported its best ever performance in a first quarter, with net profit after minorities soaring 113% to 143 million euros, earnings per share jumping 109% to €1.04 and EBITDA rising 72% to €225 million, while turnover rose 30% to €1.358 billion. Net debt, on an adjusted basis, stood at €948 million.

For the third day in a row the benchmark of the Greek stock market posted minor gains on Thursday, with blue chips growing and mid-caps shrinking, and the majority of stocks ending up on the losing side. The main index is again creeping up toward 1,100 points, while the daily trading volumes seen this week lag those of previous months.

European Union authorities should place a ceiling on energy prices for energy-consuming industries each time prices skyrocket and cover the cost from EU funds or member-states, Εvangelos Mytilineos, president of Eurometaux and CEO/chairman of Mytilineos Energy & Metals, said in an interview with Politico.

Greece's Court of Audit has given the go-ahead for the construction of a new stadium for Athens soccer club Panathinaikos.

The banking sector shook off foreign and domestic concerns - related to the decline of US lender First Republic and the promise by main opposition leader Alexis Tsipras to nationalize National Bank of Greece if he comes to power - and swung to gains at the end of Wednesday's bourse session, leaving the benchmark with moderate gains.

The ties between the business world and Greek universities are being strengthened by the participation of CEOs and presidents of large companies operating in Greece in the advisory board of the postgraduate program in business administration of the University of Athens.

Mytilineos on Monday announced the acquisition of a 15% equity stake in Clara Energy's Rosedale Green Hydrogen project in Australia.

The widely anticipated upgrading of Greece's outlook to "Positive" by Standard & Poor's on Friday was taken in the traders' stride in Monday's bourse session, with many of them engaging in some profit taking that focused on banks and construction companies. Turnover posted a considerable decline though.

The Greek bourse entered its four-day recess in line with most European bourses after yet another session of growth for its benchmark, the seventh in a row - a sequence unseen in over eight months. This has also been the third straight week of growth for the main index.