Hellenic Petroleum will submit an offer in a tender for hydrocarbon exploration rights in field 1 in Northwestern Ionian Sea, which has raised doubts from Albanian authorities, Grigoris Stergioulis, chief executive of the Group said on Thursday.
Pharmathen on Tuesday announced the signing of a partnership agreement in principle for the purchase of a majority share by BC Partners. In an announcement, Pharmathen said that the Katsos family will remain in the Group with a significant equity stake and will retain management.
Greek-listed enterprises reported an 1.5 pct decline in turnover to 14.6 billion euros in the first quarter of 2015, while operating earnings grew 21 pct over the same period, an analysis by BETA Securities said on Tuesday.
Public Power Corporation (PPC) on Thursday said its revenue grew 4.0 pct in the first quarter of 2015, but higher provisions (187 million euros) and increased spending on energy supplies had a negative effect on results, with net profits falling to 55.7 million euros in the January-March period from 81.3 million euros in the same period last year.
Hellas online on Thursday said its revenues fell 9.1 pct to 49.7 million euros in the first quarter of 2015, from 54.7 million in the same period last year. The company attributed this development to a decline in average revenue per customer because of intense price competition in the market and a reduction in end-call charges in fixed-telephony networks.
Piraeus Bank on Wednesday reported net profits of 23 million euros in the first quarter of 2015, while net revenues rose 6.0 pct year-on-year to 589 million euros. Net interest income rose 4.0 pct to 500 million euros, but fell 2.0 pct compared with the fourth quarter of 2014, largely reflecting the use of the ELA mechanism in the first three months of the year.
Mytilineos Group on Wednesday reported a 6.6 pct decline in its first quarter turnover to 320.6 million euros, from 343.3 million in the same period last year. EBITDA rose 10.4 pct to 74.7 million euros, while net after tax and minorities earnings grew 49.7 pct to 22.8 million euros.