Bloomberg Anywhere Remote Login Bloomberg Terminal Request a Demo


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Greece’s Two Biggest Water Companies Report Drop in Profit

May 30 (Bloomberg) -- Athens Water Supply & Sewage Co. reported first-quarter profit fell 79 percent as a one-time tax gain at the largest Greek water supplier wasn’t repeated while net income also declined at Thessaloniki Water & Sewage Co.

Net income at the Greek capital’s water utility dropped to 5.5 million euros ($7.5 million) from 25.7 million euros in the same period of 2013, it said today in an Athens bourse filing. Profit fell 12 percent to 5.7 million euros even though sales rose at Thessaloniki, Greece’s second-biggest water utility.

Revenue from Athens’s water provider dropped to 70.7 million euros from 73.1 million euros a year earlier while earnings before interest, taxes, depreciation and amortization slid to 8.4 million euros from 17.4 million euros, it said.

Net income in the first quarter last year benefited from a 20 million-euro increase in the value of a deferred tax asset, according to Athens Waters’s statement. The shares of both companies on the Athens bourse were little changed today.

To contact the reporter on this story: Paul Tugwell in Athens at

To contact the editors responsible for this story: Randall Hackley at; Marco Bertacche at; Jerrold Colten at Tony Barrett

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.