Papoutsanis
OpenCalais Metadata: Ticker
OpenCalais Metadata: LegalName
Athens Stock Exchange in free fall: New bank liquidations and weekly “dip” -3.7%
The Greek stock market again showed its inability to set “mounds”, with sellers maintaining the lead for a fifth consecutive day. In addition, the previously 1,400 support point turned into resistance. Apart from banks – the familiar negative protagonist – the energy sector also exerted strong pressure on the board.
Papoutsanis reports 1.4% drop in first-half sales but 18% increase in Pretax Profit
Soap and cosmetics company Papoutsanis' first-half sales dropped 1.4%, to €31.7 million, in the first half, but pretax profit rose 18%, to €12.1 million, the company announced Friday. Exports accounted for 53% of turnover.
Papoutsanis: Increase in profits and turnover in the first quarter
Papoutsanis pre-tax profits increased by 46% to 1.1 million euros in the first quarter of 2022, while turnover amounted to 14.9 million euros, an increase of 45% compared to the first quarter of 2021. Profits after taxes amounted to 0.8 million euros compared to 0.5 million euros in the corresponding period of 2021, showing an improvement of 40%.
Lockdown will be extended, minister says
Development and Investment Minister Adonis Georgiadis warned Saturday that strict lockdown measures will persist "well beyond April 6," the end-date initially announced.
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Greek pharmaceuticals starting antiseptic production using bootleg alcohol
Greek pharmaceutical industries are starting the mass production of antiseptic solution to cover the increasing needs of the country's national healthcare system fighting the new coronavirus.
Soapmaker Papoutsanis eyes gains from the virus
Papoutsanis, the company which set up modern Greece's first industrial-scale soap producing plant in 1870, expects its losses this year from the shuttering of hotels to be offset by soaring supermarket sales. The increase in demand as people wash their hands more frequently - due to the coronavirus outbreak - has seen its factory increase output in recent days.
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