Listed companies in the Athens stock exchange registered losses totaling 7.5 billion euros last year with the banking sector being the main contributor, according to data published by Beta Securities on Friday.
Beta looked into the balance sheets of 199 listed companies, which showed that turnover fell by 4.7 percent to 65,978 billion euros last year, with banks alone showing losses of 8.1 billion euros. Excluding the banking sector, listed companies recorded gains of 676 million euros.
Operating results of all listed companies increased by 14.7 percent, to 7.4 billion euros last year, while specifically in the fourth quarter they jumped 39.7 percent.
According to the data, 81 companies were profitable and 118 registered losses. Out of the profitable businesses, 34 increased their profits, 29 recorded less profits and 18 returned to profitability last year. Of the 118 loss-making businesses, 44 extended their losses, 53 limited their losses while 21 entered into negative territory in 2015.
(source: ana-mpa)
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