EPCG turns to 9-mo net loss of 88.7 mln euro

Operating revenues rose by 39% on the year to 340.7 million euro in the nine months through September, while operating costs increased by 78% to 409.1 million euro, EPCG said in an interim financial report on Wednesday.

Thus, the company turned to an operating loss of 82.2 million euro in the first nine months of 2020 from 1.2 million euro operating profit in the like period of last year.

The government owns 88.7% of EPCG, followed by the company itself with 10%. The remainder belongs to smaller shareholders.

($ = 0.9641 euro)