Write to us with Feedback for the HR-Net Read the Convention Relating to the Regime of the Straits (24 July 1923) Read the Convention Relating to the Regime of the Straits (24 July 1923)
HR-Net - Hellenic Resources Network Compact version
Today's Suggestion
Read The "Macedonian Question" (by Maria Nystazopoulou-Pelekidou)
HomeAbout HR-NetNewsWeb SitesDocumentsOnline HelpUsage InformationContact us
Thursday, 28 March 2024
 
News
  Latest News (All)
     From Greece
     From Cyprus
     From Europe
     From Balkans
     From Turkey
     From USA
  Announcements
  World Press
  News Archives
Web Sites
  Hosted
  Mirrored
  Interesting Nodes
Documents
  Special Topics
  Treaties, Conventions
  Constitutions
  U.S. Agencies
  Cyprus Problem
  Other
Services
  Personal NewsPaper
  Greek Fonts
  Tools
  F.A.Q.
 

Athens Macedonian News Agency: News in English, 14-05-29

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

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] PPC reports higher pre-tax profits in Q1

  • [01] PPC reports higher pre-tax profits in Q1

    ANA/MPA---Public Power Corporation (PPC) on Thursday said its pre-tax profits jumped to 109.3 million euros in the first quarter of 2014, from 45.1 million euros in the same period last year.

    PPC attributed this development to a retrospective introduction of a discount in natural gas prices for the second half of 2013 (following an agreement between Gazprom and DEPA) and a return of 21.3 million euros by Aluminium (a member of Mytilineos Group). Excluding these two factors, pre-tax profits would be 64.8 million euros in the January-March period.

    Turnover was almost unchanged at 1,488.9 million euros, while the volume of sales in the domestic market fell by 2.9 pct to 12,130 GWh due to milder weather conditions during the winter period.

    Arthuros Zervos, chairman and chief executive of PPC, commenting on the results said that "in a difficult economic environment, PPC's strategic options and measurable achievements strengthened its credibility and its outlook, a fact reflected in S&P's decision to upgrade PPC's credit rating by three notches from CCC to B."


    Athens News Agency: News in English Directory - Previous Article - Next Article
    Back to Top
    Copyright © 1995-2023 HR-Net (Hellenic Resources Network). An HRI Project.
    All Rights Reserved.

    HTML by the HR-Net Group / Hellenic Resources Institute, Inc.
    ana2html v2.01 run on Thursday, 29 May 2014 - 10:38:07 UTC