Earnings before interest, taxes, depreciation, and amortization

By Ilias Bellos

Conditions are now in place for a strategic investor to participate in the business plan of Hellenic Seaways in the coming decade, thanks to the completion of the coastal shipping company?s loan restructuring agreement with creditor banks and its return to operating profits, company sources have told Kathimerini.

Kathimerini Publishing SA swung from losses to profits last year, the company announced on Monday, saying that it posted a net profit of 5.9 million euros in 2014 against a net loss of 15.5 million euros in 2013.

Greece's telecoms operator OTE said on Thursday it will resume dividend payment after four years after its fixed-line business at home stabilised for the first time in seven years.

The company, which is 40 percent owned by Deutsche Telekom, posted a 2.8 percent drop in fourth-quarter core profit, mainly hurt by lower revenues in Romania.

Greece's dominant power utility PPC on Thursday reported a 29.7 percent rise in third-quarter core profit, helped by lower provisions for past due electricity bills and softer energy costs.

Greece’s biggest oil refiner Hellenic Petroleum said on Monday its third-quarter core profit almost doubled year-on-year, helped by improved refining margins and production.

Adjusted earnings before interest, tax, depreciation and amortization (EBITDA), which strips out inventory losses, rose to 146 million euros from 74 million euros in the same period last year.