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Athens News Agency: News in English, 08-03-27

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <>


  • [01] Zachopoulos case developments
  • [02] PPC cites improved '07 results

  • [01] Zachopoulos case developments

    A well-known local attorney accused of involvement in the alleged blackmail case targetting former culture ministry secretary general Christos Zachopoulos was remanded in custody following 12 hours of testimony before a special investigator on Wednesday.

    Christos Nikoloutsopoulos was summoned to testify in relation to charges of attempted extortion, the violation of the personal data law and participation in attempted suicide.

    At the end of his testimnony and after the investigator and the public prosecutor reached a unanimous decision on his pre-trial incarceration, his lawyers said that his client continues to insist on his innocence.

    Nikoloutsopoulos, who specialises in labour law cases and at one time served as a legal adviser to the GSEE union before resigning in the wake of the Zachopoulos case, will be taken to Athens police headquarters on Wednesday evening and then to the Piraeus-area Korydallos prison on Thursday morning where, according to his attorneys, he will ask to be taken to the prison's infirmary.

    Caption: Christos Nikoloutsopoulos arrives at the office of the special investigator on Wednesday, 26 March, 2008. ANA-MPA/PANTELIS SAITAS

    [02] PPC cites improved '07 results

    Public Power Corp. on Thursday reported a 7.7-pct increase in its 2007 income to 5.15 billion euros, up from 4.79 billion in 2006, and said net profits totaled 222.3 million euros, up from 22.1 million euros over the same period, an increase of more than 900 percent.

    Pre-tax profits, including net income from the sale of PPC's equity participation in Tellas SA, totaled 276.4 million euros, up from 42 million in 2006.

    Pre-tax, interest and amortisation earnings (EBITDA) totaled 818.7 million euros last year, up 10.7 pct from 2006, while EBITDA margin rose to 15.9 pct from 15.5 pct. Other operating expenses totaled 517.2 million euros, down 3.5 pct from 2006, while investments rose 20.1 pct to 856.8 million euros.

    PPC said low energy production from hydro-electric units (down 49.8 pct) negatively affected its results last year.

    The company's board plans to pay a 0.10-euro per share dividend to its shareholders.

    PPC said its workforce fell to 24,602 employees last year, from 26,208 in 2006.

    Caption: ANA-MPA file photo.

    Athens News Agency: News in English Directory - Previous Article - Next Article
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