Public Power Corp, Greece’s biggest electricity producer, may post a second-quarter profit after fuel prices fell. PPC probably had net income of 158 million euros ($226 million), compared with a loss of 141.8 million a year earlier, according to the median estimate of seven analysts in a Bloomberg News survey.
Earnings before interest, tax, depreciation and amortization probably rose to 392 million from 16.7 million euros, the survey showed.
Oil prices have dropped 50 percent since peaking in July 2008, cutting costs for PPC.
The Athens-based utility may also have benefited from a change in its generation mix, with a higher contribution from hydroelectric plants in the period.
The former power monopoly will report earnings on Thursday.
(KATHIMERINI, 08/22/2009)