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Athens News Agency: News in English, 06-03-30

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Greek-listed companies' profits up 43.6 pct in 2005, report

  • [01] Greek-listed companies' profits up 43.6 pct in 2005, report

    Greek-listed enterprises' revenues rose by 16.3 percent last year to 41.56 billion euros while net profits totalled 5.5 billion euros up 43.6 percent, compared with 2004, a report by Hellastat said on Thursday.

    The report, based on financial results published by 173 listed companies, said that consolidated revenues totalled 58 billion euros, up 16.6 percent from the previous year.

    Revenues grew an average rate of 7.0 percent in 2005, while pre-tax, interest and amortization earnings rose only 3.0 percent. Hellastat said average pre-tax profits grew 13.1 percent last year boosted by profits resulting from assets sales and subsidiaries' revenues.

    The report said 116 enterprises reported an increase in revenues (an average 13.2 pct), while 53 a decline (-19.6 pct on average). A total of 19 enterprises were loss making (of which 13 reported losses in 2004), while the 155 profitable enterprises reported a 13.1 pct profit growth rate.

    The small and medium capitalisation category -including 100 enterprises- reported a 54 percent increase in their profits, while the big capitalisation category reported a 44 percent increase in profits.

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