The ascending course of ALTEC group continues over 2006, something which is reflected in the financial figures of the first quarter of 2006.
THE GROUP:
According to the figures of the quarter, profit after taxes and minority interests, increased by 9,52% and reached 1,04 million euros, against 952.000 euros last year.
Profits after taxes increased by 204,90% reaching 1,06 million euros, against 347.000 euros last year.
Profit before taxes, increased by 40,52% and reached 1,31 million euros against 932.000 euros last year.
Notably, sales increased by 5,09% ,despite the constraint of commercial activity of ALTEC, as a result of the strategic plan of Management for a gradual reduction of the distribution business and a simultaneous emphasis on activities of greater added value and contribution margins.
Particularly, at a Group level, sales reached 46,72 million euros against 44,46 million euros last year.
Profit before taxes and financial activities, reached 3,46 million euros, against 2,73 million euros during the first quarter of 2005, indicating a growth of 26,71%.
Group' s equity shaped at 76,38 million euros, against 75,92 million euros last year.
COMPANY:
With reference to the financial figures of the company, profit after taxes, improved during the first quarter of 2006 compared to the first quarter of 2005 by 39,87% and reached 1,05 million euros against 753.000 euros last year. Profits before taxes and financial activities, reached 3,27million euros against 2,68 million euros, indicating a growth of 14,38%. Profit before taxes raised at 1,31 million euros from 1,27 million euros indicating a growth of 3,55%.
ALTEC's sales increased by 1,56% reaching 26,50 million euros, against 26,09 million euros the first quarter of 2005. ALTEC's equity amounts to 96,83 million euros from 95,77 million euros last year.
ALTEC continues to emphasise on investments regarding products, services and infrastructures. The goal is to create the prerequisites, which will enable ALTEC to continue its dynamic course.