Of Thanks to Floudopoulos
The main characteristics for the past quarter were the consistency and perseverance, as stated by the management of MOH, presenting to the analysts the results of the third quarter and the nine months for the group.
During the previous quarter, improved profitability, normalization of industrial activity and an increase to record levels of energy costs were recorded.
The management of MOH stressed that the recovery of the Greek market continues, which has reached close to the levels of 2019 and spoke of a strong comeback of domestic demand, which led domestic sales to 664 thousand metric tons. So the previous quarter is the strongest since the end of 2019.
As for the high energy costs, as revealed by the administration, the refinery of Agioi Theodoroi has stopped using natural gas since the beginning of October and uses naphtha and LPG.
Regarding the investments in RES, the construction of 84MW is currently being completed, which will bring the total installed capacity in operation to 363MW, while the pipeline of the projects under development amounts to 650MW.
These are the projects that are at a more advanced stage and are the most promising in order to start their construction.
Finally, regarding the dividend, the management of MOH stated that 2021 is a very good year and there is optimism that a good dividend will be given for the year, although compared to other years it may be more conservative given that the group comes from from a bad year.
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Source From: Capital
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