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Thessaloniki Water First-Half Profit Falls on Lower Consumption

Thessaloniki Water Supply & Sewage Co., the water utility in Greece’s second-largest city, said first-half net profit fell amid lower water consumption and a fall in corresponding sewage charges.

Profit in the six months to June 30 declined to 9 million euros ($11.9 million) from 11.3 million euros in the same period of 2012. Sales dropped to 36.2 million euros from 37.8 million euros, the company said today in a statement on its website.

The sales drop was also due to lower use of water in the construction industry given Greece’s ongoing economic recession, according to the statement.

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