Greece’s Independent Power Transmission Operator S.A. (ADMIE or IPTO) on Wednesday announced a significant increase in profitability for the fourth quarter of 2022, as well as continuing high investments on the year.
ADMIE Holding posted net profits of 29.1 million euros for 2022, announcing a pre-dividend of 0.058 euros per share.
Total revenues for 2022 reached 292.3 million euros, up by 2.5 percent compared to 2021. Revenues in the fourth quarter of 2022 reached 81.3 million euros, up by 13.3 percent compared to the corresponding quarter of 2021.
Revenue and system transport leases reached 272.0 million euros, slightly up from 270.4 in 2021.
Consolidated EBITDA totaled 195.2 million euros, up from 189.8 million euros in 2021; 51.5 million euros in Q4 2022, higher by 18.2 percent. Comparable EBITDA was 189.6 million euros, down from 190.6 million euros in 2021.
Net profits on the year reached 58.2 million euros, down by 16.1 percent from 2021; net profits reached 17.1 million euros in Q4 2022, an increase of 58.4 percent.
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