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Athens News Agency: News in English, 01-05-30

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

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

CONTENTS

  • [01] Minoan Lines-Results-First Quarter
  • [02] Foreign Exchange Rates - Wednesday
  • [03] Intracom-Results-First Quarter
  • [04] Secondary Bond Market-Close
  • [05] InfoQuest-AremisSoft
  • [06] Weather Forecast-Wednesday

  • [01] Minoan Lines-Results-First Quarter

    29/05/2001 19:40:53

    Minoan Lines, an Athens-quoted passenger shipper, on Tuesday reported revenue of 7.1 billion drachmas in the first quarter of the year, flat against the same period of 2000.

    Revenue held steady despite a reduction in sailings to the Adriatic due to withdrawal of the Phedra ferry from the Venice line, Minoan said in a statement.

    Earnings before amortisation totalled 900 million drachmas.

    [02] Foreign Exchange Rates - Wednesday

    29/05/2001 19:26:13

    Buying rates for Wednesday

    U.S. dollar 395.255

    German mark 172.829

    French franc 051.531

    Pound sterling 560.388

    Irish punt 429.202

    Belgian franc 008.379

    Luxembourg franc 008.379

    Dutch guilder 153.389

    Italian lira (100) 017.457

    Austrian schilling 024.565

    Danish kroner 45.326

    Swedish kroner 37.412

    Finnish mark 056.852

    Spanish peseta 002.032

    Portuguese escudo 001.686

    Japanese yen (100) 328.560

    Swiss franc 221.510

    Norwegian kroner 42.861

    Cyprus pound 585.934

    Canadian dollar 256.724

    Australian dollar 203.530

    [03] Intracom-Results-First Quarter

    29/05/2001 19:23:08

    Intracom, an Athens-quoted telecommunications and information technology manufacturer, on Tuesday reported pre-tax profits of 9.7 billion drachmas in the first quarter of the year from 7.5 billion drachmas in the same period of 2000.

    Sales in the first quarter rose by 61 percent to 57.9 billion drachmas from 36 billion drachmas in the same period a year earlier, Intracom said in a statement.

    Exports totalled 22.5 billion drachmas in the first quarter of this year, up 53 percent.

    The Intracom Group's consolidated pre-tax profits rose to 11.4 billion drachmas from 8.2 billion drachmas in the first quarter of 2000, marking a 38 percent increase, the statement said.

    Consolidated sales totalled 74.8 billion drachmas, up 87 percent from 40 billion drachmas in the first quarter of 2000, it added.

    Intracom is a blue chip quoted on the Athens Stock Exchange.

    [04] Secondary Bond Market-Close

    29/05/2001 19:02:07

    Bond prices in the domestic secondary market on Tuesday finished higher in light trade with players focusing on 10-year paper.

    The Greek benchmark 10-year bond showed a yield of 5.60 percent from 5.63 percent a day earlier.

    The yield spread over German bunds was 44 basis points from 45 basis points in the session before.

    Turnover through the central bank's electronic system totalled 580 million euros (197.6 billion drachmas) from 225 million euros (76.5 billion euros) a trading day earlier.

    Buy orders accounted for about half of turnover.

    [05] InfoQuest-AremisSoft

    29/05/2001 17:49:57

    Infoquest, a listed information technology company, is to effect a staggered sale by the end of 2002 of 6.5 million shares it owns in AremisSoft, a US sofware manufacturer, the Greek firm said in a statement on Tuesday.

    The seller believed that AremisSoft's results would finally put to rest adverse media reports that have put pressure on the stock, which is listed on Nasdaq, and confidence in management had been retained, the statement said.

    ArtemisSoft was involved in developing software solutions in which InfoQuest had few operations, while Info Quest was expanding into systems integration in which the US firm's activities were few, the statement added.

    [06] Weather Forecast-Wednesday

    29/05/2001 17:24:47

    Sunshine is forecast throughout the country on Wednesday. Winds north-northwesterly, light to moderate. In the north, temperatures will range from 15C to 32C; on the rest of the mainland from 17C to 34C; and in the islands from 18C to 29C. Sunny in Athens, with temperatures between 18C and 32C. Same in Thessaloniki, with temperatures from 17C to 31C.


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