MINOAN LINES SA
Announcement
We would like to inform the investment community with the following:
In the annual general meeting of the company that took place on 22/7/2007 estimates for the first six months results were announced. More specifically, the revenues of the company that operates this year with one vessel less compared to 2006 will be shaped at Euro 83.8 million versus Euro 84.8 (-1.2%) of the respective period of 2006.
It is expected that the operating results (EBITDA) will be significantly improved by 51.0%, from Euro 12.1 million in 2006 to Euro 18.2 million in the first six months of 2007. Finally, it is estimated that the company's six months 2007 net results that will be improved by Euro 5.1 million (+74.5%) and will present loss of Euro 1.8 million versus Euro 6.9 million of the respective period of 2006.
In the annual general meeting of the company that took place on 22/7/2007 estimates for the first six months results were announced. More specifically, the revenues of the company that operates this year with one vessel less compared to 2006 will be shaped at Euro 83.8 million versus Euro 84.8 (-1.2%) of the respective period of 2006.
It is expected that the operating results (EBITDA) will be significantly improved by 51.0%, from Euro 12.1 million in 2006 to Euro 18.2 million in the first six months of 2007. Finally, it is estimated that the company's six months 2007 net results that will be improved by Euro 5.1 million (+74.5%) and will present loss of Euro 1.8 million versus Euro 6.9 million of the respective period of 2006.