ECONOMY

Most sectors suffered big losses in 2013

According to figures from ICAP’s annual “Greece in Numbers” survey that Kathimerini has seen, Greek businesses suffered another loss-making year in 2013 as the nine biggest sectors (excluding banks) were hit with pretax losses of 850 million euros, although this was a far cry from the 2.63 billion euros in losses generated in 2012.

The data from 21,667 enterprises showed that the vast majority of non-credit sectors continued to post losses in 2013, while the only domains to buck the trend were those of commerce (with a spectacular swing from losses to profits), energy and water supply.

Total corporate turnover dropped 4.3 percent in 2013 compared to 2012, reaching some 149.9 billion euros.

Gross earnings amounted to 26.3 billion euros, representing a drop of 5.1 percent from the year before, and profit margins fell slightly from 17.68 to 17.54 percent.

The sectors which registered a significant increase in sales were those of mines-quarries and hotels-restaurants, while there was a small rise for agriculture and construction, the ICAP survey showed.