Kathimerini English

Motor Oil estimate.

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53.3 points from 53.2 in July. The index published yesterday by IHS Markit is on a 100-point scale, with the 50 mark separating contractio­n from growth in activity. The result echoes the steady growth seen in July and confirms that businesses in the eurozone aren’t overly worried about Britain’s decision to leave the EU. The overall figures in the survey suggest the eurozone economy grew at a quarter-onquarter rate of 0.3 percent in the third quarter, the authors said.

Greek refiner Motor Oil is expected to show a reduction in earnings before interest, taxes, depreciati­on and amortizati­on (EBITDA), as well as net profits in the second quarter of the year, the Greek Investment Bank estimated yesterday, attributin­g the downturn to maintenanc­e work at the firm’s distilleri­es. Analysts estimate the company’s EBITDA to come to 118.1 million euros, down 35.5 percent on a yearon-year basis. Motor Oil’s net profits are seen dropping 48 percent year-on-year to 52.2 million euros. The refiner is due to announce its financial results on Monday.

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