1st half 2006 results
75% Boost, in Consolidated Pre Tax Profits
Large Boost in all 1st Half 2006 Figures
A large boost is recorded in 1st half 2006 financial results, mirroring the dynamic growth of NIREUS Group.
On Group level :
- onsolidated EBITDA advanced by 55%, to euro 14,399 mil. from euro 9,304 mil. in 1st half '05
- Pre-tax profits went higher by 75% to euro 8,405 mil. versus euro 4,804 mil. for 1st Half '05
- fter tax and minority interest profits hit a remarkable 194% rise to euro16 mil. from euro74 mil. in last year's 1st Half
- Finally, Consolidated Sales were up to euro 78,226 mil. from euro 65,690 mil. making a 19% increase.
On company level :
- Sales for NIREUS S.A. (after adjusting for previous year's merging by acquisition of Feedus S.A.) rose by 19% to euro 74,766 mil. versus euro 62,700 mil. for 1st Half '05
- EBITDA rose by 56%, reaching euro 11,058 mil. from euro 7,110 mil.
- Pre-tax profits went higher to euro 7,036 mil. versus euro 4,725 mil. marking a 49% increase
- After tax profits reached euro 5,349 mil. from euro 3,053 mil., a 75% increase compared to last year's 1st Half
The above results are within the set targets as it has been announced by the Group's management, for fiscal year 2006.
The Group's recent presentation will be available tomorrow, at www.nireus.gr /investor relations/financial statements.