Earnings

Lower oil prices affected refiner Motor Oil's results for the first half of 2023.

Turnover dropped 25% to €5.9 billion, EBITDA earnings were down 42.6%, to €535.1 million, and after-tax profit declined to €275.4 million from €685.4 million in the first half of 2022.

Management said Tuesday they expect improved second-half results. 

Greece's main power utility Public Power Corporation (PPC) said on Thursday it had swung to profit in the first quarter on the back of lower energy costs. 

The utility reported net profit of 51 million euros for the January-to-March period versus a loss of €186 million last year. 

Tom Cruise’s movie earnings

Ljubljana – Mercator, Slovenia’s largest retailer, recovered from last year’s deep loss as it posted a net profit of EUR 12.6 million for the first nine months of the year. Sales revenue was up by almost a percent to EUR 1.63 billion, shows the group’s earnings report released on Thursday.

62.4% increase in earnings per share on an adjusted basis for extraordinary and non-recurring events, compared to the Nine Months of 2020, or 18% on a non-adjusted basis, with net profit after minority interests amounting to € 115 million, was shown by MYTILINEOS in the 9 months of 2021, according to a relevant announcement.

Koper – Port operator Luka Koper reported sales dropping by 8% year-on-year to EUR 210 million as shipping volumes contracted across the board. Net profit declined by 21% to EUR 32 million but it was still a percent higher than planned.

The average gross nominal earnings in November were 5,565 lei, by 113 lei (+ 2.1%) higher than in October 2020, while the average net nominal value rose to 3,411 lei, on the increase compared to the previous month, by 68 lei (+ 2%), according to data published on Wednesday by the National Institute of Statistics (INS).

Telecommunications company Forthnet, whose creditors have entered into exclusive negotiations with BC Partners for the concession of its shares and debts, announced on Thursday that it had reversed the trend of previous years in which it registered a drop in in broadband subscriptions to post growth of 0.2 percent in 2019 to 550,967, while its pay-TV (Nova) subscribers in Greece and Cyprus fell

The shopping centers of Lamda Development - The Mall Athens, Golden Hall and Mediterranean Cosmos - have shown an increase in their operating profits for the seventh year in a row, Lamda announced on Tuesday.
Their 2019 earnings before interest, tax, depreciation and amortization (EBITDA) amounted to 64.3 million euros, up 8.6 percent from 2018.

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