Profit

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.

The price of surgical masks and other commodities that have come in high demand as a result of the coronavirus outbreak will be put under the scrutiny by the Competition Commission to prevent profiteering.
Apart from masks, the products being monitored, according to the watchdog, include disinfectants, long-life milk, rice and pasta.

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

Greece's biggest telecoms operator OTE posted a 9.4 percent rise in fourth-quarter core profit on Wednesday thanks to growing business at its home market.

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).

Listed Mytilineos Group on Thursday reported a 42.7 percent leap in turnover in the first nine months of 2019 year-on-year, continuing the excellent performance seen in the first half over the summer.

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.

Greece's biggest telecoms operator OTE posted a 1.7 percent rise in second-quarter core profit on Thursday as a recovery in its home market helped offset poor performance at its Romanian operations.

Freezer and glass bottle and jar manufacturer Frigoglass saw its sales rise 14.2 percent in the second quarter of 2019, to 162.69 million, up from 142.44 million in the same period in 2018.
The growth allowed it to get into the black, with a net profit of 8.77 million, compared to an 836,000-euro loss in the same period last year.

Fraport Greece, the German-Greek consortium that manages 14 regional airports, posted an increase in revenues and a drop in net profits last year.