Fundamental analysis
S&P upgrades PPC to “BB-” from “B+”
The credit rating of PPC was upgraded by the financial firm S&P, after the corresponding upgrade it made for the Greek economy.
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Retailer Mercator rebounds from loss on slightly higher sales
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.
Steel group SIJ’s revenue up a third in first nine months
Ljubljana – Steel group SIJ increased its sales revenue by 34.2% to EUR 714.6 million in the first nine months of the year over the same period last year. Profit before tax, depreciation and amortisation (EBITDA) reached EUR 73.5 million, the company said on Monday.
MYTILINEOS – Big profit increase in 2021
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.
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Loulis Mills – Increase in sales in the first half – How prices of raw materials affected profits
Sales of 60.97 million euros, with an increase of 11.83% showed Loulis Mills at group level in the first half of this year compared to the first half of 2021, while at company level sales amounted to 54.25 million euros with an increase of 13%. Cost of sales increased by 17.63% for the group and by 19.09% for the company.
Perutnina Ptuj posts record sales of EUR 294m last year
Ptuj – The poultry group Perutnina Ptuj posted EUR 294 million in sales revenue in 2020, a new record and 3% increase on the year before. Earnings before interest, taxes, depreciation and amortization (EBITDA) were up 7% to EUR 47.7 million, the company has reported.
Cinkarna Celje reports 60% higher half-year net profit
Celje – Cinkarna Celje, the Celje-based chemical company, saw its half-year sales revenue rise by 12% year-on-year to EUR 99.39 million on the back of good demand, boosting net profit by 60% to EUR 15.8 million.
DARS revenue, profit up in first six months
Ljubljana – The National Motorway Company (DARS) generated EUR 218.8 million in revenue in the first six months of the year, which is 16% more than in the same period last year. Net profit was up 55% to EUR 43.9 million, according to the company’s unaudited report.
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Petrol’s net profit more than doubles as sales up 20%
Ljubljana – Energy company Petrol saw group net profit jump by 140% to more than EUR 49 million on sales that increased 20% year-on-year to EUR 1.8 billion, according to the company’s interim report released on Friday.
Aselsan continues profitable growth
Aselsan's turnover in the first six months of the year increased by 33 percent compared to the same period of the previous year and reached 7 billion Turkish Liras ($809.5 million), according to a company statement.
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Turkey's top defense company posted net profit growth of 37 percent year on year to reach 2.5 billion liras ($289.1 million).
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