The activities of the Diagnostic and Therapeutic Centre of Athens HYGEIA during the first nine months of 2006 (January - September) were deemed particularly satisfactory as the company continued intently to restructure the Group?s operating plan, which was initiated in the second quarter of 2006. Part of the results of these interventions have been included in the financial statements of the first nine months of 2006 (January - September) that have been published, although the Group?s reorganisation will present the overall development of the forecasted financial figures from 2007. Specifically:
- The Group?s consolidated net profits amounted to 2,594,000 Euros in relation to the loss of 992,000 Euros that it recorded during the corresponding period of 2005.
- The company?s sales during the first nine months of 2006 (January - September) amounted to 68,178,962 Euros in relation to 62,486,804 Euros that it recorded during the corresponding period of 2005. In other words, the company increased its sales by 5,692,157 Euros or 9.10%.
- The company?s operating profits during the nine-month period amounted to 5,365,880 Euros in relation to 1,816,110 Euros that it recorded during the corresponding period of 2005. In other words, the company increased its operating profits by 3,549,770 Euros or 195%, while it increased its gross profits margin by 272% (in 2006 the company recorded a gross profit margin of 7.9% in relation to the gross profit margin of 2.9% that it recorded in 2005).
- The company?s net profits before taxes amounted to 1,301,526 Euros in relation to the loss of 1,099,943 Euros that it recorded in the corresponding period of 2005.
- The operating results of the nine-month period include expenditures that concern previous years which have been accounted for in 2006 and expenses relative to the company?s reorganisation, the entire amount of which burdens the current year and which will not burden future years. If the aforementioned expenditures are not taken into consideration, the company?s operating results would have amounted to 6,535,838 Euros, while it would have recorded a gross profit margin of 9.6% and net profits of 2,935,252 Euros.
- The results of both the current year and previous years were burdened with provisions that were raised for doubtful accounts in previous years. Following a thorough audit that is currently being conducted by the company, the final necessary provisions will be finalised at the end of the year. In addition, all additional positive or negative adjustments of previous years will be presented, in their entirety, in the results of 31 December 2006.