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Athens News Agency: News in English, 09-10-21

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

From: The Athens News Agency at <>


  • [01] Fuel, lubricants trading sector in red last year
  • [02] Stocks end 1.30% down

  • [01] Fuel, lubricants trading sector in red last year

    (ANA-MPA) -- Fuel and lubricant commercial enterprises in Greece reported accumulated losses of 2.5 million euros in 2008, after profits of 100.2 million euros the previous year, a survey by the Insitute for Economic and Industrial Research (IOBE) revealed on Wednesday.

    The survey said oil product trading enterprises‚ sales totaled 12.738 billion euros in 2008, up from 10.048 billion in 2007, an increase of 26.8 pct, reflecting higher average oil product prices, while the volume of sales was up only 2.4 pct in the same year.

    Gross profits fell to 636 million euros, from 685 million euros in 2007, with total cost of sold products rising 29.2 pct. The sector‚s fixed assets grew 10.2 pct in 2008, while circulating assets fell 9.5 pct over the same period. The survey said that long-term debt grew by 25.3 pct last year, while investments on safety and environment rose 42.8 pct

    The number of petrol stations increased to 6,458 outlets in 2008, from 6,185 in 2007.

    [02] Stocks end 1.30% down

    Greek stocks fell on profit taking selling in the Athens Stock Exchange on Wednesday, with the composite index of the market ending at 2,855.07 points, off 1.30 pct. Turnover was a moderate 269.1 million euros, of which 7.6 million were block trades.

    Most sectors moved down, with the Insurance (2.84 pct), Raw Materials (2.46 pct) and Financial Services (1.89 pct) suffering the heaviest percentage losses of the day, while Commerce (1.61 pct), Oil-Gas (0.86 pct) and Travel (0.86 pct) scored gains.

    The FTSE 20 index fell 1.30 pct, the FTSE 40 index ended 1.45 pct down and the FTSE 80 index rose 0.44 pct. Broadly, decliners led advancers by 141 to 79 with another 52 issues unchanged.

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