off-the-wire

Greece's Mytilineos says Q1 core profit jumps 72%

Kitco Media
By Reuters
Published:
Updated:
Reuters
May 4 (Reuters) - Greek industrial and energy group Mytilineos reported a 72% year-on-year surge in its first-quarter core profit on Thursday, helped by a jump of around 50% in the profitability of its renewables unit. The results were also boosted by the group's stronger presence in the supply and trading of natural gas in southeastern Europe.


The Athens-based group reported earnings before interest, taxes, depreciation and amortisation (EBITDA) of 225 million euros ($249 million), compared with 130 million euros a year earlier, while its net profit was up 113% year-on-year to 143 million euros.


($1 = 0.9023 euros) (Reporting by Antonis Pothitos in Gdansk; Editing by Mark Potter)

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