Papoutsanis

OpenCalais Metadata: Ticker

PAP

OpenCalais Metadata: LegalName

PAPOUTSANIS INDUSTRIAL AND COMMERCIAL SOCIETE ANONYME OF CONSUMER GOODS

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: 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%.

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.