Athens News Agency: News in English, 10-11-04

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From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

[01] Employee injured, suspect arrested in Tax Bureau hold-up in Exarchia

[02] OTE reports lower results

[03] ASE opening: Rise

[01] Employee injured, suspect arrested in Tax Bureau hold-up in Exarchia

Police two gunmen ran into the DOY office at 10:55 a.m. and at gunpoint grabbed an as yet unknown amount of money. The gunmen opened fire as they were fleeing, injuring the security guard in the legs.

Police who rushed to the scene, assisted by passers-by, arrested a man who is believed to be one of the two hold-up men, while a search is ongoing for the second man.

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[02] OTE reports lower results

OTE said third quarter consolidated turnover fell 7.8 pct compared with the same period last year to 1.393 billion euros, while EBITDA fell 14.9 pct and net profits dropped 23.5 pct to 126.3 million euros. Nine-month turnover was down 6.5 pct to 4.152 billion euros, EBITDA fell 14.8 pct and net profits plunged 70.2 pct.

Turnover in fixed-telephony business fell 8.1 pct in the January-September period in Greece and by 7.5 pct in Romania. Mobile telephony turnover dropped 7.3 pct in Greece and 4.3 pct in other Balkan countries, while income from other businesses rose 9.7 pct in the nine-month period.ANA-MPA OTE said its activities in fixed-telephony in Greece were hit by non-competitive prices imposed by the market's watchdog on the group, turning consumers to alternative telephone services providers.

The ADSL market in Greece surpassed 2.4 million subscribers at the end of September, from around 2.0 million a year earlier, with OTE losing market share (44.6 pct in the third quarter from 50.8 pct in the third quarter of 2009).

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[03] ASE opening: Rise

Individual sector indices were moving upwards, with the biggest gains in Banks, up 2.30 percent; and Telecoms, up 1.92 percent.

The biggest losses were in Media, down 2.54 percent and Personal and Household Goods, down 0.29 percent.

The FTSE/ASE 20 index for blue chip and heavily traded stocks was up 1.61 percent, the FTSE/ASE MID 40 index was up 0.78 percent, and the FTSE/ASE-80 small cap index was up 0.90 percent.

Of the stocks traded, 49 were up, 12 were down, and 20 were unchanged.

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