Greece's Mytilineos says Q1 core profit jumps 72%

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)

Reuters

Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.

off-the-wire

Greece's Mytilineos says Q1 core profit jumps 72%

By Reuters

Reuters

Reuters

Gold is never going back to $2,000: 'That's history,' prices to 3x from here – Peter Schiff

‘Biggest economic shift since Nixon’: Major U.S. monetary policy changes coming in 12-36 months – Jack Mallers

Solid price gains for gold, silver after busy news weekend

India joins South Africa in denying BRICS currency plans after Trump’s 100% tariff threat

Silver prices breach $32/oz as bullish technicals and fundamentals suggest potential breakout

off-the-wire

Greece&apos;s Mytilineos says Q1 core profit jumps 72%

By Reuters

Reuters

Reuters

Greece's Mytilineos says Q1 core profit jumps 72%