| NOTAS: | "...2009 is marked by the profound consequences of the financial crisis, especially as reflected in market concentration (operator withdrawals, mergers, etc) and also in the sector’s diminishing results (turnover, gross profit and total assets). With regard to the financial results, Mobile Telephony Operators (MTOs) led in all categories even though they suffered decreases, the most important of which was an almost 40% drop in gross profit. OTE’s turnover also fell by 7% due to various factors (fall in domestic and international telephony revenues, interconnection rates, cost of telecommunications equipment, etc). OTE’s total assets fell by 7.5%. However, the losses in gross profit by 2% have been significantly contained due to the reduction in the operating costs. Finally, the alternative operators also suffered significant losses in turnover (12%), in total assets (14%), and especially in gross profit (40%). It should be reminded that the difficulty in arriving at uniform conclusions still persists due to the fact that some operators apply the International Financial Reporting Standards (IFRS) on their balance sheets whereas other operators continue to apply the Greek Accounting Standards.…" |
