The board of Greece’s dominant power utility, state-run Public Power Corp. (PPC), will propose a 0.25-euro per share dividend on the back of EBITDA that reached roughly 1.5 billion euros (pro forma) in 2023.
The development marks a “total recall” for the ATHEX-listed utility, which prior to 2019 flirted with the prospect of insolvency due to accumulated losses nearing one billion euros. PPC for decades was the top-to-bottom electricity monopoly in Greece before EU-mandated liberalization in the retail, wholesale and industrial power sectors.
The goal set by PPC’s management and CEO Georgios Stassis for 2024 is EBITDA of 1.7 billion euros.
For FY23 PPC reported total investments of 2.3 billion euros, including the purchase of multinational Enel’s activities in Romania for 234 million euros, along with a significant increase in RES activity and distribution.
Pre-tax profits reached 622 million euros in 2023, compared to losses of 26 million euros in 2022, the result of improved operational profitability. Results were also boosted by 124 million euros flowing into PPC’s coffers from the sale of former lignite fields to the Greek state.
Net profits reached 485 million euros, compared to nine million euros in losses the previous year, 2022.
Source: tovima.com
στο Google News και μάθετε πρώτοι όλες τις ειδήσειςLatest News
Bank of Greece Governor Says EU will Retaliate to Trump’s Tarrifs
The Bank of Greece Governor defended the independence of central banks amid criticism from U.S. President-elect Donald Trump, who had publicly commented on Federal Reserve Chair Jerome Powel
September in Greece Winning Tourists Over from US, Germany
Tourists continue to visit Greece off-season into Sept. with the number of inbound travelers up by 6.6% and a 7.9% rise in travel receipts.
Bitcoin Surges Toward $100K Amid Pro-Crypto Optimism in US
According to Reuters, the cryptocurrency surged to an all-time high, briefly exceeding $96,898 during Asian trading hours.
Greek Driver Violations at a Touch of a Button
Traffic offences recorded in the last five years by Greece’s “Driver Behavior Control System” are now available on Gov.gr Wallet
Milan Tops List of Most Expensive Streets, Athens’ Ermou Holds Steady at 15th Place
In Athens, following Ermou Street is the southern suburb of Glyfada and Tsimiski Street in Thessaloniki.
New Gov.gr Service Enables Secure Reporting of Minor-Related Delinquency
It should also be noted that via the recently introduced initiative ‘Safe Youth’ application citizens have access to specially tailored informative material regarding the safety of children and adolescents
Thousands Strike in Athens Over Soaring Living Costs and Stagnant Wages
Inflation, particularly in food prices, has been crushing Greek households
Greece Overhauls Property Valuation System
Greece plans to launch a revamped property value registry in 2025 and overhaul the way objective values are calculated to enhance tax revenue and improve transparency.
Greece’s New Tax Bill Foresees Tax Relief Beyond Big Business
Tax relief measures in Greece are proposed for freelancers, property owners and farmers, along with 'big business'
Unions Call Nationwide Industrial Strike for Wed.
Mass transits are usually affected, especially in the greater Athens-Piraeus area, although bus and metro services are curtailed but not fully halted
![Τουρισμός: Πάνω από 5 εκατ. αφίξεις σε καταλύματα τον Σεπτέμβριο [γραφήματα]](https://www.ot.gr/wp-content/uploads/2021/10/katalymata-90x90.jpg)
