FY 2011 RESULTS
Athens,30 March 2012
FY 2011 RESULTS
Το the amount of € 26.14 mn. reached the after-tax profits of EYDAPS.A.in 2011, increased by 126.92% compared to € 11.52 mn. in 2010. During the same year, after tax profits for the Group amounted to € 26.05 mn. compared to € 11.34 mn. in 2010 (increased by 129.71%). The Company's pre-tax profits amounted to € 35.58 mn. and the Group's to € 35.49 mn. from € 30 mn. and € 29.83 mn. respectively in 2010 (increased by 18.58% for the Company and by 18.99% for the Group).
The turnover in 2011 reached at € 358.6 mn from € 379 m in 2010, decreased by 5.4%. This decrease resulted both from a drop of € 12.1 mn in the revenue from water supply and related works and from the corresponding decrease in revenues from sewer services by € 9.2 mn.
The cost of sales in 2011 for the Company and the Group decreased by € 21.4 mn € (-9.3%) and amounted to € 208.7 mn from € 230.1 mn in 2010, while gross profit amounted to € 149.9 mn from € 148.8 mn, in 2010.
The Board of Directors decided to declare in the 30th General Shareholders Meeting, scheduled for the 12th of June 2012, a dividend of € 0.17 per share in relation to € 0.04 in 2010.