Metlen Energy & Metals S.A. (MYH.F), a Greek industrial and energy company, on Tuesday reported a decline in net profit for the first half. However, the company recorded an increase in turnover.
For the six-month period, Metlen registered a net income of EUR 254 million, or EUR 1.81 per share, less than EUR 282 million, or EUR 2.04 per share, in the same period last year.
EBITDA was EUR 445 million, compared with EUR 474 million in the previous year. This decline was due to a one-off impact of the non-core M Power Projects segment.
Turnover was EUR 3.608 billion, up from EUR 2.482 billion a year ago, reflecting a strong growth momentum across Energy and Metals.
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