The company KATHIMERINI S.A. announces that the annual briefing of analysts regarding the financial results of the fiscal year 2005, took place in the head offices of the company on 15.6.2006. It was stated that the mother company's turnover amounted to Euro 66.62 million for the year 2005, up from Euro 62.2 million in 2004, an increase of 7%. Among the reasons for this increase was the increased circulation of the newspaper, and in advertising and printing on behalf of third parties. Net profits after taxes amounted to Euro 17.43 million, up from Euro 1.67 million in 2004. The increase in profits was due to increased revenues of dividends from the subsidiary company ARGONAFTIS SA. The increase in revenue combined with the decrease in expenditure resulted in operating profits. As far as the group of companies is concerned, the turnover amounted to Euro 83.05 million from Euro 96,21 million in 2004 and that is due to the decrease in revenue from freights of the company ARGONAFTIS SA, which, during 2005, sold three of the four ships that it possessed. The cash on hand on 31.12.2005 amounted to Euro 60 million. Its net profits amounted to Euro 3.8 million from Euro 10.34 million in 2004. During 2006, the company, according to the published financial data of the first three months of 2006, is showing an increase in its financial figures and anticipates that there will be positive results at the end of the year. The company is subject to an approved investment program of the Ministry of Development for a total amount of Euro 20.19 million with a grant of 35%. This program concerns the purchasing of new mechanical equipment, the construction of new buildings and investing in automated systems. In April 2006 the company acquired a plot/lot adjoining its main offices for the amount of Euro 3,6 million.