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Greek-listed enterprises' profits up 7.1 pct in Q1, report‏

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.

The analysis, based on the quarterly results of 193 listed companies, said that profits grew 7.1 pct in the January-March period with the refinery sector leading the race with 60 million euros in contribution.

From a total 193 companies, 38 reported higher losses, 58 reduced losses and 19 became profitable, with 40 pct of total listed companies reporting profits.

Mytilineos, Jumbo, Terna Energy and OTE reported very good profits in the first quarter, accompanied by Lamda Development, Grivalia Properties, Athens Water, Elval and Karelias. Among small- and medium-sized enterprises, Thrace Plastics, Crete Plastics, AS Company, Petropoulos, Karatzis, Flexopack, Loulis, European Credit, Mermeren Combinat, Korres, Kanakis, Intracom Constructions, Elton Chemicals, Nakas, Profile, Space Hellas, Korinth Pipeworks, Kri-Kri, Kyriakidis and Paperpack, reported strong results.

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