Reuters: Greece’s OTE first-quarter core profit drops 1.7 pct

11 May 2017
212 Views

May 11 Greece’s biggest telecoms operator OTE posted on Thursday a 1.7 percent drop in first-quarter core profit, hurt by tough conditions in crisis-hit Greece and Romania.

OTE, the former national monopoly now 40 percent owned and managed by Germany’s Deutsche Telekom, said earnings before interest, tax, depreciation and amortisation (EBITDA) came in at 304.1 million euros ($330.83 million) in the first three months of the year, down from 309.3 million euros a year earlier.

The figure strips out one-off items. ($1 = 0.9192 euros)

You may be interested

Kastoria: The lady of Macedonia
GREECE
shares58 views
GREECE
shares58 views

Kastoria: The lady of Macedonia

Panos - Nov 24, 2017

This charming furrier city, whose beauty will most certainly seduce you, is built amphitheatrically on a narrow peninsula, mirrored in…

ECB Lowers Funding Cup for Greek Banks by €1.1 Billion
FINANCE
shares23 views
FINANCE
shares23 views

ECB Lowers Funding Cup for Greek Banks by €1.1 Billion

Panos - Nov 24, 2017

The European Central Bank lowered the cap on Emergency Liquidity Assistance (ELA) Greek banks draw from the domestic central bank…

Black Friday in Greece: Don’t Believe the Hype
GREECE
shares28 views
GREECE
shares28 views

Black Friday in Greece: Don’t Believe the Hype

Panos - Nov 24, 2017

Black Friday fever has taken hold of many Greek consumers this week, but even a knee jerk research in sales…

Leave a Comment

Your email address will not be published.