EUROCORP

Financial Morning News 28/05/2013

GREEK FINANCIAL MARKET

The General Index in Athens Stock Exchange (ASE) closed at 1,038.89 posting profits of 0.36%, in a turnover of €88.74mn.

The Greek political leaders failed to reach consensus at the new anti-racism legislation and another meeting is possible on Thursday.

Corporate Impacts

  • Intralot: The net sales for Q1’12 increased by 2.5% to €355.8mn, EBITDA increased by 32.1% to €55.1mn, while net profits amounted to €4.8mn (+17.4%).
  • Motor Oil: The group announced Q1’12 losses of €12.1mn (est: -€9mn) vs. profits of €39.4mn a year earlier. The net sales were €2.19bn vs. €2.30bn, while EBITDA amounted to €46.1mn vs. €93.1mn.
  • Hellenic Petroleum: The Russia’s Sintez Group will not bid for Greek gas company DEPA, but may bid for its gas-network operator, DESFA. Please note that Sintez was one of two Russian companies, alongside state gas Gazprom that showed initial interest in DEPA.
  • Technical

    FTSE 25 June future:

      Support levels: 351-346-340. Resistance levels: 365-372-380.

    General Index:

      Support levels: 1,021-1,010-979. Resistance levels: 1,055-1,074-1,096.

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