THESSALONIKI WATER AND SEWAGE COMPANY SA

6M 2014 ? FINANCIAL RESULTS ANNOUNCEMENT

6M 2014 – FINANCIAL RESULTS ANNOUNCEMENT

EYATH SA

 

Profit before taxation of €13 mil., increased by 16.2% was recorded by EYATH SA for the 6M 2014 period, without any tariff increases. Especially, Group turnover reached €37.8 mil. from €36.2 mil. the respective period last year making an increase of 4.4%, which obviously is due to the water consumption increase. Gross profit reached €15.5 mil. from €14.25 mil. (an increase of 8.8%). The water consumption increase together with the decrease of the operational expenses resulted to an increase of 16.2% of the earnings before taxes, which reached €12.9 mil. from €11.1 mil. the respective period last year. Profits after taxes reached €9.5 mil. from €9 mil. last year which is an increase of €5.7%.