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Athens News Agency: News in English, 09-11-27

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

From: The Athens News Agency at <>


  • [01] Intralot reports lower 9-month results
  • [02] Pierre Cardin in Athens
  • [03] Deficit up 75% in Jan-Oct

  • [01] Intralot reports lower 9-month results

    (ANA-MPA) -- Intralot on Friday reported a 22-pct decline in its nine-month EBITDA to 131 million euros, from 161.8 million euros in the corresponding period last year, while pre-tax profits dropped 48 pct to 97.3 million euros from 144.9 million euros over the same periods, respectively.

    The Greece-based company said consolidated turnover was 680.6 million euros in the January-September period, while turnover in the third quarter was 192.6 million euros, EBITDA totaled 39.9 million euros and pre-tax earnings were 22.7 million euros.

    After tax and minorities earnings totaled 15.8 million euros.

    Parent turnover was 118.2 million, EBITDA were 23.5 million and after tax profits totaled 15.3 million euros, in the nine-month period.

    [02] Pierre Cardin in Athens

    Ļn the occasion of World AIDS Day (Dec. 1), the Greek Action in Africa foundation has organised a charity evening in support of HIV-positive AIDS orphans, to be held on Monday at the French embassy.

    Legendary French fashion designer and Institute of France member Pierre Cardin will attend the event and present his latest collection for men and women, featuring international models.

    The event is being held under the auspices of the French embassy in Athens (Amb. Christophe Farnaud), the City of Athens (Athens Mayor Nikitas Kaklamanis) and the Ivory Coast general consulate in Greece (Foundation chairman Mero Kesesioglou).

    [03] Deficit up 75% in Jan-Oct

    Greeceās fiscal deficit jumped 75 pct in the January-October period to 25.044 billion euros, from 14.277 billion euros in the corresponding period last year, the state accounting office said on Friday.

    A report attributed the sharp widening of the deficit to a 4.3 pct fall in net budget revenues to 39.5 billion euros (from 41.3 billion euros in 2008) and a 12.5 pct increase in budget spending to 57.949 billion euros (from 51.479 billion euros in 2008).

    Primary budget spending totaled 45.875 billion euros in the 10-month period, from 40.155 billion euros last year, while spending on interest totaled 12.074 billion euros, up from 11.324 billion euros in 2008.

    Proceeds from direct taxes fell significantly to 17.261 billion euros, compared with budget provisions for proceeds of 25.9 billion euros, while VAT proceeds fell to 14.145 billion euros, from a budget provision of 19.470 billion euros.

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