Lamda Development’s H1 2021 results, announced on Wednesday, show record profits of 224 million euros, mostly due to the boost from the consolidation of its fully owned subsidiary Hellenikon S.A.
A revaluation, by an independent valuer, in this case Savills, of part of the assets held by Hellenikon, improved the property developer’s results by 306 million euros.
Consolidated net result, after taxes and minority interest, reached 224.6 million euros, compared with a 5.7-million-euro loss in the corresponding period in 2020.
In terms of operational profitability, EBITDA reached 15.9 million euros, up by 4 percent compared to H1 2020.
EBITDA of the three shopping centers managed by Lamda – The Mall Athens, Golden Hall και Mediterranean Cosmos – reached 16.1 million euros, down 17 percent from the corresponding period of 2020 due to the suspension of operation for the greater part of the period because of pandemic restrictions.
The company’s net asset value (NAV) at the end of June 2021 totaled 1.392 billion euros, or 7.88 euros per share, an increase of 26 percent compared to the figure on Dec. 31, 2020.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
EU Condemns Trump Tariffs, Prepares to Retaliate
As tensions escalate, the EU is expected to continue negotiations with Washington while preparing for potential economic retaliation.
The Likely Impact of Trump Tariffs on Europe and Greece
Trump tariffs are expected to negatively affect economic growth in the Eurozone while Greece's exports could take a hit.
Motor Oil Results for 2024: Adjusted EBITDA of 995 mln€; Proposed Dividend of 1.4€ Per Share
Adjusted EBITDA for 2024 was down 33% yoy. The adjusted profit after tax for 2024 stood at 504 million euros, a 43% decrease from the previous year
Cost of Living: Why Greece’s 3% Inflation Is Raising Alarm
Greece appears to be in a more difficult position when it comes to price hikes, just as we enter the era of Trump’s tariffs.
Fitch Ratings Upgrades the Four Greek Systemic Banks
NBG’s upgrade reflects the bank’s ongoing improvements in its credit profile, Fitch notes in its report, including strong profitability, a reduction in non-performing exposures (NPEs), and lower credit losses
Trump to Announce Sweeping New Tariffs Wednesday, Global Retaliation Expected
With Trump's announcement just hours away, markets, businesses, and foreign governments are bracing for the fallout of one of the most aggressive shifts in U.S. trade policy in decades.
Inflation in Greece at 3.1% in March, Eurostat Reports
Average inflation in the eurozone settled at 2.2%, compared to 2.3% in February
Greece’s Unemployment Rate Drops to 8.6% in February
Despite the overall decline, unemployment remains higher among women and young people.
Jerry Kalogiratos Highlights Key Role of Energy Transition and Data Demand in LNG Outlook
Energy transition and the prospects of LNG were discussed at Capital Link’s 19th Annual International Maritime Forum, during a panel discussion with Jerry Kalogiratos (Capital Clean Energy Carriers Corp.)
Santorini Safe and Ready for a Dynamic Tourism Season
Authenticity, cultural heritage, and genuine experiences at the center of Santorini's new promotional campaign
![ΕΛΣΤΑΤ: Αυξήθηκε η οικοδομική δραστηριότητα κατά 15,6% το Δεκέμβριο [πίνακες]](https://www.ot.gr/wp-content/uploads/2025/03/DSC9655-2-1024x569-1-90x90.jpg)
