Net income

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.

Athens-listed Mytilineos SA said on Thursday its 2020 operating profits remained unchanged at 2019 levels, despite the pandemic.

OPAP, Europe's fourth-biggest betting business, reported a 38% drop in first-quarter profit on Wednesday due to the closure of outlets during the coronavirus lockdown in Greece and Cyprus.

Net profit in the January to March period stood at 35.5 million euros ($40.3 million), down from 57.2 million in the same period a year before.

Leading business group Mytilineos on Thursday announced a 3.7 percent yearly increase in its turnover in the first quarter of the year, to 532.7 million euros, while enjoying strong cash flow of €1.5 billion.

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

The Athens-listed Mytilineos group on Thursday announced a 47.8 percent rise in turnover last year and 2.6 percent growth in net profits on an annual basis.
It said its 2019 turnover reached 2.256 billion euros, from 1.526 billion euros in 2018, supported by the strong growth achieved by its power and gas unit.

Despite the adverse environment for refining, Hellenic Petroleum (ELPE) on Thursday reported positive financial results for the last quarter of 2019.

Turkey's Pegasus Airlines has said it targets a net profit between 210 million and 250 million euros (around $278 million) this year.

The carrier's EbitDA (earnings before interest, taxes, depreciation and amortization) margin forecast for 2020 is 32 percent to 32.5 percent.

Pegasus also expects a 12 percent to 14 percent capacity increase (available seat kilometers).

Athens-listed group Ellaktor had fewer projects under way in the first half of the year, but recorded higher operating profits that saw it swing to net earnings of 5.7 million euros against losses of 31 million in the first half of 2018.

Frigoglass said on Monday its sales increased 21.8 percent to 248.113 million euros in the first half of 2018, from 203.775 million in the same period last year.