KRI-KRI Milk Industry has released its interim financial statements for the third quarter 2013.

Parent's company turnover amounted €57,492k against €48,798k of 2012 (a rise of 17.8%), whereas the profitability measures were as follows:

-           Ebitda amounted €9,887k against €9,833k of 2012 (marginal rise of +0.5%).

-           Profit before tax amounted €8,148k against €7,335k of 2012 (a rise of +11.1%).

-           Net profit after tax amounted €7,188k against €6,148k of 2012 (a rise of +16.9%).

On the group level, net profit after tax, attributable to parent's shareholders, reached €7,184k against €6,729k of 2012.

Profitability measures were negatively affected by increases in raw materials' prices, which led to the reduction of yogurt's gross margin by about 3.9 points, and also by increased advertising and promotional expenses.

In the ice-cream sector, sales were negatively affected by the adverse economic climate and unfavorable weather conditions during the decisive summer months, presenting a slight decrease of 1.3%.

In the yogurt sector, on the other hand, our sales present a rise of +29.1% reaching €33,937k. This rise comes from all the markets that we operate. In Greece, our market shares are keep on rising. Furthermore, consistent to our export-oriented strategy, we emphasize on strengthening our presence on Western Europe's markets. A recent example is our entry to UK's Greek yogurt market, by launching a trade agreement with Waitrose, a British supermarket chain and, also, our entry to the Greek yogurt market in France and Czech Republic.