ECONOMY

EBITDA loss for Forthnet in 2011

Forthnet SA, a Greek web services provider, reported 2011 sales of 415.6 million euros compared with 410 million euros during the same period a year earlier.

A loss at the EBITDA level came in at 52.8 million euros compared with an EBITDA gain of 45.7 million euros in 2010, according to an Athens-bourse filing.

EBITDA is earnings before interest, taxes, depreciation and amortization.

[Bloomberg]