Press Release - 28.08.2007

PPC’s consolidated 1Η 2007 financial results

 

PRESS RELEASE

PPC's CONSOLIDATED 1Η 2007 FINANCIAL RESULTS




ATHENS AUGUST 28, 2007 

 

  • Total Revenues amounted to € 2.47 bil versus € 2.33 bil in 1H 2006, an increase of 6 %.
  • Very low snow and rain fall levels during the past winter, caused a sharp decrease in hydro generation by approximately 64% in 1H 2007, compared to 1H 2006, resulting in a € 157m expenditure for substitute fuels.
  • Other operating expenses, including lignite's operating expenses, amounted to € 268.5m, from
    € 315.6m in 1H 2006, a decrease of approximately 15%.
  • EBITDA was € 456.4m, compared to € 475.8m in 1H 2006, a decrease of 4.1%.
  • Net income for 1H 2007 amounted to € 99.4m, compared to € 95.3m in 1H 2006, an increase of 4.3 %.
  • Capital expenditure amounted to € 381.9m compared to € 325.8m in 1H 2006,an increase of 17.2%


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