Amortization

The Hellenic Corporation of Assets and Participations (EESYP), better known as the state asset hyperfund, has announced increased revenues and profits for 2019.

Despite the adverse environment for refining, Hellenic Petroleum (ELPE) on Thursday reported positive financial results for the last quarter of 2019.

Turkey's Pegasus Airlines has said it targets a net profit between 210 million and 250 million euros (around $278 million) this year.

The carrier's EbitDA (earnings before interest, taxes, depreciation and amortization) margin forecast for 2020 is 32 percent to 32.5 percent.

Pegasus also expects a 12 percent to 14 percent capacity increase (available seat kilometers).

Listed Mytilineos Group on Thursday reported a 42.7 percent leap in turnover in the first nine months of 2019 year-on-year, continuing the excellent performance seen in the first half over the summer.

The Hellenic Railways Organization (OSE) reported improved financial results in 2018, with its earnings before interest, tax depreciation and amortization (EBITDA) showing a 93 percent improvement from 2017: In absolute figures EBITDA amounted to just -430,000 euros, against -6.11 million in 2017, approaching the desired result - zero EBITDA - for the corporation, so as to stop incurring losses

Energean Oil & Gas said on Thursday its full-year adjusted core earnings more than doubled, driven by higher output at its Greece operation and lower production costs.

Energean trimmed the top end of its 2019 production forecast after facing delays at its Epsilon well in Greece, the oil and gas producer said on Thursday.

Energean expects to produce between 5,000 and 5,500 barrels of oil per day in 2019, compared to its earlier outlook range of between 5,000 and 6,000 bopd.

The country's 500 most profitable companies in 2017 generated impressive returns according to the figures stemming from their financial reports as processed by ICAP for its special annual publication "Business Leaders in Greece 2018."

The total turnover of the 500 leading firms in terms of profits rose 9.5 percent last year compared to 2016, reaching 91.02 billion euros.

The healthy performance of shopping centers in Greece has contributed toward the Lamda Development group's swing to profits this year. The group has invested heavily in malls, while the transfer of 50 percent of The Mall Athens played a significant role in turning the losses of 22 million euros in January-September 2017 into profits of 26.6 million in the same period this year.

Greek industrial group Mytilineos expects sales to top 2.2 billion euros next year, from 1.5 billion euros this year, thanks to its growing alumina business and new projects in Libya and Ghana, its chairman said on Thursday.