Companies

The week at the Greek stock market began in the same way it had closed on Friday, with healthy gains for the majority of stocks driven by the growth registered by banks stocks.

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.

The main index at the Greek bourse cleared the 1,100-point bar with relative ease on Friday, ending a week of gains and moderate trading volume. This last session of the week showed price growth across the board in what was the fourth consecutive day of gains for the benchmark.

The total payments made to banks since 2020 have amounted to $1.3 billion, Demirören Holding has announced.

"We would like to inform the public that Demirören Holding has fulfilled all of its obligations and will continue to do so," the company said in a statement, noting that payments made to banks have reached a total of $1.3 billion since 2020.

Prime Minister Kyriakos Mitsotakis has marked the 13-year anniversary of the firebomb attack on a branch of Marfin Bank in downtown Athens which led to the death of three people.

"We do not forget the fellow citizens we lost. Punishing the guilty remains a debt of honor for the state, closing the door every day to division, hatred, and political hypocrisy," Mitsotakis said.

Turkish Airlines has reported that its net income increased by nearly 45 percent year-on-year in the first quarter of 2023 to $233 million.

Total revenues of the flag carrier amounted to $4.35 billion in the January-March period, pointing to a healthy 43 percent increase from a year ago.

Coca-Cola HBC on Wednesday announced higher organic revenue growth of 22.2% in the first quarter, excluding Russia and Ukraine.

The company said that a price mix led revenue growth as it took decisive actions to mitigate cost inflation.

Volume growth in sparkling, energy and coffee drinks was offset by declines in stills, driven by an anticipated weakness in water.

BELGRADE - Raiffeisen bank Belgrade has announced it had successfully completed a legal and operational merger of RBA bank, which began with an acquisition of a 100 pct stake in the bank - the former Credit Agricole Serbia - in April last year.

British energy giant BP reported Tuesday a net profit of $8.2 billion for the first quarter, recovering from a record loss a year earlier as it ended operations in Russia after the Ukraine invasion.

Hewlett-Packard Enterprises (HPE) plans to found a global Excellence Center in Artificial Intelligence (AI) in Greece, Greek Deputy Minister of Development and Investment Christos Dimas said at the Delphi Economic Forum on Friday.

The center will be part of HPE Ezmeral Software and will aim at helping business customers globally to incorporate AI in their operations.