Profit

Titan Group reported a 33.1% jump its 2022 sales, totaling 2.282 billion euros, and said that the US and Greek markets accounted for more than 70% of group sales.

Consolidated EBITDA amounted to €331.2 million in 2022, with all markets recording double-digit growth rates.

Fourth-quarter EBITDA jumped to €96.7 million from €55.6 million in the same period in 2021.

Slovenia's leading insurance groups, Triglav and Sava, saw a decline in profit last year despite higher revenue and gross written premiums, a development they attribute to higher claims and inflation.

Türkiye's leading defense company Aselsan has reported that its net income increased from 3.1 billion Turkish Liras in January-September 2021 to 5.7 billion liras in the same period of this year, marking an 83 percent rise.

The estimate that a collapse of the demand for liquid fuels is possible in the very near future due to high inflation was made by the Deputy CEO of Motor Oil during yesterday's teleconference with analysts.

Koper – Port operator Luka Koper posted a net profit of EUR 16.5 million for the first quarter of 2022, up 91% over the same period in 2021. Sales revenue rose by 23% to EUR 70.9 million, and transshipped goods were up 18% to nearly 5.9 million tonnes, show unaudited results released on Friday.

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%.

The credit rating of PPC was upgraded by the financial firm S&P, after the corresponding upgrade it made for the Greek economy.

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.

Ljubljana – In the first nine months of the year, the Sava insurance group generated EUR 548.8 million in operating revenue, up 11.1% year-on-year, and a net profit of EUR 57.2 million, or 20.3% more compared to the same period last year, show the unaudited results released on Friday.

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.