Image default
Greek News

Which Greek company saw its profits skyrocket by 649%?

One of the few Greek companies to record impressive profits amid the Covid-19 pandemic was the Petropoulos Group, as its earnings after taxes and minority interests amounted to 1.8 million euros from 200,000 euros in the corresponding quarter of 2020.

The group, dealing in manufacturing, modifying, distributing, and supporting a wide range of automotive products saw its total sales rise by 34.2%, during the period January 1 – March 31, and amounted to 29 million euros compared to 21.6 million euros in the corresponding period of 2020.

The group’s EBIDTA (Earnings Before Interest, Taxes, Depreciation, and Amortisation) increased by 233, 4% and amounted to 2.8 million euros from 0.8 million euros on 31.3.2020. Profit before taxes amounted to 2.4 million euros, an increase of 550%, compared to 0.3 million euros in the corresponding period of 2020. Profits after taxes and minority interests also increased by 649% and amounted to 1.8 million compared to 0.2 million euros on 31.3.2020.

Total bank lending decreased by 27.3% to 18 million euros from 24.7 million euros on 31.12.2020 and net bank lending amounted to 10.3 million euros, from 13.7 million euros on 31.12. 2020.

Petros Petropoulos Commercial & Industrial S.A was established in Thessaloniki in 1922. It manufactures, modifies, distributes, and supports a wide range of automotive products including automobiles, trucks, and buses, generating sets, diesel engines, boats, outboard engines, agricultural, earthmoving, and industrial equipment, batteries, lubricants, and tyres. The Company has a leading position in the Greek market in the sectors which it serves.

Σχετικα αρθρα

Visit of Prime Minister Kyriakos Mitsotakis to TeamViewer in Ioannina

admin

Where the Rich Park Their Money (infographic)

admin

Pandemic-Fueled Bicycle Boom Coasts Into 2021 (infographic)

admin

Norway not ready to let go of oil, gas in push for greener energy

admin

Greek exports to Saudi Arabia up by 107%

admin

Where Investors Earned The Most From Bitcoin In 2020 (infographic)

admin

Greece: The application that shows the zone prices for each property is now available

admin

Greek economy: The book of offers for the new 10-year bond has opened

admin

Greece: Huge subsidy for the acquisition of electric taxis

admin

Global Corporation Tax Levels In Perspective (infographic)

admin

To the Moon! And Back? (infographic)

admin

Fair market value up by 40% on property prices

admin