Friday March 6, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Greek OTE sales rise in Q4 for first time in five years

Greece's biggest telecoms company OTE reported on Thursday a rise in revenues for the first time in five years, adding to signs that the country's recession-struck economy may be bottoming out.

Revenue at the firm, which is 40-percent-owned by Germany's Deutsche Telekom, rose at an annual pace of 0.1 percent in the fourth quarter to 1.046 billion euros ($1.44 billion), it said in a bourse filing.

The figure rose "on resilient Greek fixed-line and resurgent RomTelecom," said the company, which runs the former telecom monopolies of Greece and Romania.

However, OTE said it expected sales to continue dropping in 2014, though at a slower pace than their 6.4 percent decline in 2013. This would be its smallest sales decrease in five years, a period where household income plunged, competition from rivals sharpened and regulated telephony prices plummeted.

Full-year net profit for 2013 dropped by 35 percent to 287.8 million euros, weighed by an early retirement plan for 1,800 employees which will help the company cut costs in the future.

OTE said on Wednesday it would not pay a dividend for the third consecutive year. [Reuters]

ekathimerini.com , Thursday March 6, 2014 (12:00)  
Germany: Greece could get money early if reforms come sooner
Cash-strapped Greece repays first part of IMF loan due in March
Greece must repay loans in full, bailout fund head says
Jobless rate starts picking up again
Europe stocks headed for 31% surge this year amid QE, Citi says
European stocks are already enjoying their strongest start to a year in more than two decades. Citigroup Inc. says theres still further to go. European stocks will surge another 14 percent ...
Greek reforms list cites tackling evasion, fiscal savings, source says
Greece has promised to fight tax evasion and generate fiscal savings as part of an updated set of reforms sent to euro zone partners ahead of a meeting of finance ministers from the bloc on ...
Inside News
BASKETBALL
Barcelona beats Panathinaikos once more
For the fourth time this season Panathinaikos failed to beat Barcelona, this time in Athens, losing 81-77 on Thursday and denting its chances for a privileged top-two finish in its Euroleagu...
SOCCER
Iraklis, Apollon and Xanthi in Cup semis
The prospect of a second-division team reaching the Greek Cup final has grown considerably after two out of the three teams that made the semifinals this week come from the Football League. ...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greeces most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
EDITORIAL
New blood, fresh ideas
New Democracy needs new blood and fresh ideas. Former Prime Minister and conservative chief Antonis Samaras should be credited with keeping Greece on its feet and he is one of the very few p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Germany: Greece could get money early if reforms come sooner
2. Europe stocks headed for 31% surge this year amid QE, Citi says
3. Greek reforms list cites tackling evasion, fiscal savings, source says
4. Greece sends new letter with details on reforms, sources in Brussels say
5. Cash-strapped Greece repays first part of IMF loan due in March
6. Greek and German bruisers limber up for rumble in the eurozone
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Cash-strapped Greece repays first part of IMF loan due in March
3. Greece must repay loans in full, bailout fund head says
4. Greek and German bruisers limber up for 'rumble in the eurozone'
5. Greece sends new letter with details on reforms, sources in Brussels say
6. Greek reforms list cites tackling evasion, fiscal savings, source says
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. SYRIZA feeling the pain
4. Varoufakis to make six reform proposals at Monday's Eurogroup
5. The unlikely winners of Greece's surrender on euro
6. Tsipras reversal draws Greek sympathy as party rumblings rise
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.