Greece’s OTE Telecom posts 1.9 pct drop in core profit

22 February 2018
857 Views

Greece’s biggest telecoms operator OTE posted a 1.9 percent drop in fourth-quarter core profit on Thursday, with tough conditions in its foreign operations more than offsetting domestic growth.

The former national monopoly, now 40 percent owned and managed by Germany’s Deutsche Telekom, reported earnings before interest, tax, depreciation and amortisation (EBITDA) of 337 million euros ($413.70 million) for the quarter, down from 343.7 million euros a year earlier. ($1 = 0.8146 euros)

You may be interested

Coronavirus Greece: 842 new cases, 427 in Attica
GREECE
shares25 views
GREECE
shares25 views

Coronavirus Greece: 842 new cases, 427 in Attica

makis - Jan 26, 2021

The Greek authorities announced today 842 new cases of the new coronavirus, of which 13 were identified after checks at…

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee
GREECE
shares23 views
GREECE
shares23 views

No side effects from vaccinations recorded in Greece, says Head of National Vaccination Committee

Panos - Jan 26, 2021

No adverse side effects have been recorded so far during the vaccination of the country's elderly citizens, said the Head…

Elon Musk launches 143 small satellites in space at the same time – New record
WORLD
shares26 views
WORLD
shares26 views

Elon Musk launches 143 small satellites in space at the same time – New record

Panos - Jan 26, 2021

Elon Musk’s SpaceX launched 143 small satellites simultaneously on Sunday, a new world record. The launch was carried out with…

Leave a Comment

Your email address will not be published.