Business Briefs

Hellenic Steel, a member of Italian steel group Riva, returned to profitability in 2010 and said it expected the further improve its performance this year. The company said its revenue grew 10.8 pct to 126.95 million euros in 2010, from 114.57 million in 2009, while its gross profits rose to 8.37 million euros after a loss of 2.78 million euros in the previous year. EBITDA rose to 7.87 million euros in 2010 from a loss of 5.62 million in 2009, while pre-tax and interest earnings totaled 2.07 million euros from a loss of 9.66 million euros over the same periods, respectively.

Sea cruise vessels arrivals at the port of Piraeus grew 5.1 pct in the January-March period this year, compared with the same period in 2010, George Anomeritis, chairman of the Piraeus Port Authority said on Monday. Addressing the annual fair of chartered yachts on the island of Poros, Anomeritis stressed that passenger arrivals grew 58.1 pct in the first three months of the year, to 139,692 from 80,808 in 2010, while transit passenger numbers jumped 72.9 pct.

Hotel room occupancy rates fell in March in the Athens-Attica region, the Association of Athens-Attica Hoteliers said on Monday. In a report, the association said that four-star hotels recorded a 0.80 pct decline in occupancy rates to 65 pct in March, while five-star hotels rates fell 1.7 pct to 47.2 pct. Two- and three-star hotels’ occupancy rates fell by 14 pct to 62.9 pct in March.

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