Greek Companies' Sales Up 0.5 pct in 2015, ICAP Report
Thursday, 18 February 2016
Greek companies’ sales grew 0.5 pct last year, while pre-tax earnings jumped 21 pct and EBITD rose by 4.3 pct, ICAP said in a survey released on Wednesday.
In a report, conducted on a sample of 753 enterprises (excluding banks-insurance) which have released their annual balance sheets (for the fiscal year ending in June 30, 2015) for the last two years, Icap said this improvement reflected exclusively a good performance of the commerce sector, while manufacturing and services companies suffered small pre-tax losses. In general, six out of 10 companies were profitable while the remaining four were loss-making. From the 753 companies in the report, 315 were manufacturing, 189 commercial, 299 were services companies and the remaining came from the tourism and construction sectors.