ΠΑΠΑΣΤΡΑΤΟΣ Α.Β.Ε.Σ.

Financial results of Papastratos for the first semester of 2003.

First semester's performance was quite satisfactory both in terms of growth and profitability. More precisely: Consolidated sales of the company amounted to 202,3 mio. Euros representing an increase of 7,1% over last year.

Consolidated Operating Profits (EBITDA) amounted to 21,4 mio. Εuros representing an increase of 14,8% over last year. Consolidated Net Profits Before Taxes reached the 20,6 mio. Εuros, showing an increase of 17,9% compared to the respective last year's period.