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.
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
The Life of Former Prime Minister Kostas Simitis
Former Minister Kostas Simitis played a defining role in shaping Greece’s economic and political landscape at the turn of the millennium
Four Days of National Mourning for Passing of Kostas Simitis
Four days of national mourning have been declared for the death of former Prime Minister Kostas Simitis
Former Greek Prime Minister Kostas Simitis Dies at 88
Kostas Simitis, Greece’s former Prime Minister, died this morning, January 5, at the age of 88.
