Earnings before interest, taxes, and depreciation

ΟΤΕ fourth quarter core profit falls 1.4 percent

Greece's biggest telecoms operator OTE posted on Thursday a 1.4 percent drop in fourth-quarter core profit, hurt by tough conditions in Greece and Romania.

OTE, the former national monopoly now 40 percent owned and managed by Germany's Deutsche Telekom, has lost market share to smaller rivals in recent years, while Greek tax increases have also hit profits.

Hellenic Petroleum posts strong Q4 results

Greece's biggest oil refiner Hellenic Petroleum reported a 17 percent rise in fourth-quarter core profit on Thursday, helped by strong refining margins and exports.

Core profit, or underlying earnings before interest, tax, depreciation and amortization (EBITDA) - stripping out oil inventory holdings - came in at 215 million euros, up from 184 million euros in 2015.

EBITDA of 10.8 bln euros last year for 500 most profitable firms

The 500 most profitable Greek enterprises showed remarkable resilience amid the climate of political uncertainty and serious lack of liquidity in 2015.

According to an ICAP Group analysis based on last year's financial reports, the aforementioned businesses considerably improved their earnings despite the small decline in their sales volume.

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