During the last trading session of the week, GO plc's share price dropped 1.4 per cent back to the 83c8 level across four trades totalling 4,790 shares.
Today's downturn was possibly due to the increased losses announced by Forthnet SA yesterday.
The Greek telecommunications group revealed that during 2011, it registered a 23.5 per cent increase in adjusted EBITDA to €80.3 million on the back of a 1.4 per cent increase in revenue to €415.6 million coupled with improved operational efficiencies.
However, Forthnet incurred a €128.5 million goodwill impairment resulting in a reported negative EBITDA of €52.8 million compared to the positive EBITDA of €45.7 million in 2010.
Moreover, the Greek company announced that after the shareholders rejected a €30 million rights issue during an extraordinary general meeting in January, the company's management is currently in discussions with its bankers to obtain the necessary waivers on its bank covenants.
The only other two active equities today were Bank of Valletta plc and HSBC Bank Malta plc which both traded higher as fresh bids entered the market.
BOV's share...
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