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Athens Macedonian News Agency: News in English, 16-04-01

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

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

CONTENTS

  • [01] Brussels source: Greek programme review 'ideally' by April 12
  • [02] Greek-listed companies lost 7.5 bln euros in 2015

  • [01] Brussels source: Greek programme review 'ideally' by April 12

    The review of Greece's programme should ideally be concluded before April 12, a well-informed sources in Brussels told the ANA-MPA on Friday, while clarifying that this depended on the required "political will".

    According to the same source, there was a "broad consensus" at Friday's Eurogroup Working Group meeting, with the staff of Eurozone finance ministries participating, that the "overwhelming majority" of the outstanding issues could be easily settled if the "political will" to do so was present and that there are very few points where there are still technical difficulties.

    [02] Greek-listed companies lost 7.5 bln euros in 2015

    Listed companies in the Athens stock exchange registered losses totaling 7.5 billion euros last year with the banking sector being the main contributor, according to data published by Beta Securities on Friday.

    Beta looked into the balance sheets of 199 listed companies, which showed that turnover fell by 4.7 pct to 65,978 billion euros last year, with banks alone showing losses of 8.1 billion euros. Excluding the banking sector, listed companies recorded gains of 676 million euros.

    Operating results of all listed companies increased by 14.7 pct, to 7.4 billion euros last year, while specifically in the fourth quarter they jumped 39.7 pct.

    According to the data, 81 companies were profitable and 118 registered losses. Out of the profitable businesses, 34 increased their profits, 29 recorded less profits and 18 return to profitability last year. Of the 118 loss-making businesses, 44 extended their losses, 53 limited their losses while 21 entered into negative territory in 2015.


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