PPC reported lower turnover, but higher profits in Q1 – Greece, 26 May 2016

Greek Public Power Corporation (PPC) posted a turnover of 1.4 billion euros in the first quarter of 2016, which is 8.8 % less than in the same period last year when total turnover amounted to 1.55 billion euros.
On the other hand, the company’s earnings before taxes, interest, depreciation and amortization (EBITDA) increased by 10 % in the this year’s first quarter. After tax profits amounted to 85.6 million euros compared to 55.7 million euros in the first quarter of 2015.

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