Economy

Papoutsanis: Increase in profits and turnover in the first quarter

Papoutsanis pre-tax profits increased by 46% to 1.1 million euros in the first quarter of 2022, while turnover amounted to 14.9 million euros, an increase of 45% compared to the first quarter of 2021. Profits after taxes amounted to 0.8 million euros compared to 0.5 million euros in the corresponding period of 2021, showing an improvement of 40%.

Nigerian airlines suspend flights over soaring fuel prices    

Nigerian airlines are to suspend all flights from today over rising jet fuel prices, an umbrella organisation of operators have said.    

The cost of fuel has soared worldwide since Russia invaded its neighbour Ukraine in February and the West responded by slapping sanctions on Moscow.    

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