Profit

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. 

I don't know if you've noticed, but lobster pasta seems to be back on the menu in many places, back in vogue. The question is whether this means that we're also back to the good old days of abundance. Growth is good for the country and its citizens. Growth generates wealth and this should be the goal.

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.

ATHEX-listed Ellaktor Group said on Thursday its 2022 turnover totaled 1.04 billion euros, up 14% from the previous year, and its EBITDA jumped 45% to €239 million.

Pre-tax profit was €68 million in 2022, after a loss of €29 million in 2021, while after-tax profits totaled €519 million, boosted by the sale of a 75% equity stake in the renewable energy sources sector.

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.