Earnings before interest, taxes, depreciation, and amortization

Frigoglass posts double-digit growth

Freezer and glass bottle and jar manufacturer Frigoglass saw its sales rise 14.2 percent in the second quarter of 2019, to 162.69 million, up from 142.44 million in the same period in 2018.
The growth allowed it to get into the black, with a net profit of 8.77 million, compared to an 836,000-euro loss in the same period last year.

OSE reports improved financial performance

The Hellenic Railways Organization (OSE) reported improved financial results in 2018, with its earnings before interest, tax depreciation and amortization (EBITDA) showing a 93 percent improvement from 2017: In absolute figures EBITDA amounted to just -430,000 euros, against -6.11 million in 2017, approaching the desired result - zero EBITDA - for the corporation, so as to stop incurring losses

Mytilineos sees turnover, profits jump in Q1

Blue-chip company Mytilineos posted significant growth in both turnover and profitability in the first quarter of 2019, according to data released on Friday.

On a consolidated basis, turnover amounted to 513.9 million euros, compared with 360.7 million euros in the same quarter last year, resulting in an increase of 42.5 percent.

Energean trims 2019 production after delays at Epsilon well

Energean trimmed the top end of its 2019 production forecast after facing delays at its Epsilon well in Greece, the oil and gas producer said on Thursday.

Energean expects to produce between 5,000 and 5,500 barrels of oil per day in 2019, compared to its earlier outlook range of between 5,000 and 6,000 bopd.

Hefty gains for market's leading firms

The country's 500 most profitable companies in 2017 generated impressive returns according to the figures stemming from their financial reports as processed by ICAP for its special annual publication "Business Leaders in Greece 2018."

The total turnover of the 500 leading firms in terms of profits rose 9.5 percent last year compared to 2016, reaching 91.02 billion euros.

Malls outperform, benefiting owner Lamda

The healthy performance of shopping centers in Greece has contributed toward the Lamda Development group's swing to profits this year. The group has invested heavily in malls, while the transfer of 50 percent of The Mall Athens played a significant role in turning the losses of 22 million euros in January-September 2017 into profits of 26.6 million in the same period this year.

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