Mytilineos Holdings SA, a Greek metals and energy group founded in 1908, is expected to announce that first-half profits fell as revenue declined following the suspension of Romanian operations and project delays at its Metka unit.
Net income probably slid 68 percent to 7.7 million euros ($11 million) from 24.1 million euros a year earlier, according to the median estimate of six analysts Bloomberg News surveyed by e-mail and telephone. Sales may have dropped to 322.4 million euros from 490.3 million euros a year earlier, the survey showed.
Earnings before interest, taxes, depreciation and amortization probably declined 20 percent to 44.9 million euros, according to the survey. The company is scheduled to report earnings today after the market close in Athens.
(KATHIMERINI, 08/05/2009)