Public Power Corporation
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A predictably quiet day on the Greek bourse on Friday ended at the highest point of the last 58 months as buyers proved quite active in the last hour-and-a-half of trading.
The Athens Exchange (ATHEX) general index ended at 920.54 points, adding 0.88 percent to Monday's 912.52 points, the highest since February 2015. On a weekly basis it advanced 3.19 percent.
Greece's Public Power Corporation (PPC) expects a rebound in core profit to 850 million-900 million euros next year, a Greek newspaper reported on Monday, citing a 2020-2024 business plan approved by the utility's board last week.
Its earnings before interest, tax, depreciation and amortisation (EBITDA) fell to 216 million euros last year from 828 million a year earlier.
Workers of the country's public power corporation are to start rolling 48-hour strikes from Tuesday at midnight, their labor union GENOP announced on Monday.
The action, which is being held to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.
Workers at the state-run Public Power Corporation will be staging a rally on Monday in Kozani, northern Greece, to protest the government's plans to shut down all of the country's lignite-powered plants starting next year.
The rally against the "sudden death" of PPC, according to unionists, will start at 5 p.m. at the main square of the town of Ptolemaida.
The main index at Athinon Avenue edged even closer to the elusive milestone of 900 points on Tuesday, with positive reports fueling the growth of bank stock prices and other blue chips.
The Athens Exchange (ATHEX) general index ended at 893.37 points, adding 0.57 percent to Monday's 888.29 points. The large-cap FTSE 25 index expanded 0.42 percent to 2,232.79 points.