Net income

The increase in itineraries and ship occupancy, combined with the reduction in fuel costs, have boosted the operating profitability of Attica Group, which showed a net profit of 61.22 million euros in 2023.

The shipping group saw its turnover increase by 11% from 2022, with operating profits more than doubling and net profits more than tripling.

Cosco-owned Piraeus Port Authority SA (OLP) posted record-high turnover and profits in 2023, the company running Greece's biggest port said. 

Total revenues reached 219.8 million euros, up 12.9% from 2022, according to a press statement released on Friday. 

Cosco-owned Piraeus Port Authority SA (OLP) posted record-high turnover and profits in 2023, the company running Greece's biggest port said.

Total revenues reached 219.8 million euros, up 12.9% from 2022, according to a press statement released on Friday.

OPAP recorded strong profitability in the first half of the year, with net profits up 34.2% compared to last year.

At the same time, the board of directors approved the distribution of 1 euro as an interim dividend for the year 2023, with a cutoff date of November 2, 2023.

Public Power Corporation (PPC), Greece's biggest power utility, announced a significant increase in first-half operating profit on Thursday because it spent much less on buying energy, especially natural gas, and on fines for carbon dioxide emissions.

Piraeus Bank, Greece's third-largest lender by market value, on Monday reported higher net earnings for the second quarter from the same period last year on a rise in net interest income.

Greek banks hope to pay out dividends in 2024 for the first time since 2010, when the country's debt crisis erupted.

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. 

Alpha Bank, Greece's third-largest lender by market value, on Monday posted a 24% rise in first-quarter net profit on higher interest income.

Alpha Bank, which is 9% owned by Greece's HFSF bank rescue fund, said net profit came in at 162 million euros, up from €131 million in the first quarter last year.

Piraeus Bank, the country's third-largest lender by market value, reported higher quarterly net earnings on Friday on strong net interest income.

The bank, which is 27% owned by the state's HFSF bank rescue fund, reported net earnings of 180 million euros in the first three months of the year, compared with a profit of 170 million euros in the last quarter of 2022.

Listed company Epsilon Net on Tuesday announced the completion of its acquisition of a 60% equity stake in Netera, a company offering specialized IT solutions for enterprises in the hospitality sector, for a net consideration of 700,000 euros. Netera offers its services to more than 800 hotels.