IASO S.A.

IASO SA - 1st Semester 2013 Financial Results

   

 

PRESS RELEASE-ANNOUNCEMENT


IASO: Increase of Earnings before and after taxes and slight deviations of the Turnover for the Parent company and the Group.

 

 “IASO” has announced the parent company's and group's financial statements for the first half of 2013 that have been compiled in accordance with the International Financial Reporting Standards.

More particularly, the parent company's turnover posted a small increase, amounting to € 33,50 mil during the first half of 2013 versus €33,32 mil of the 1st H of 2012. Gross profit posted an increase amounting to €9,06 mil versus €6,72 mil the previous year. EBITDA posted an increase, amounting to €10, 39 mil versus €7,92 mil in the 1stH of 2012. Earnings before taxes posted a significant increase amounting to 6,17 mil , versus the 1,97 mil of the previous year.

The consolidated turnover posted a slight decrease coming up to €60,16 mil during the 1stH of 2013 versus €62,76 mil of the 1stH of  2012. The consolidated gross profit posted an increase amounting to €11,52 mil versus €8,77mil of the corresponding period of the  previous year. EBITDA posted a significant increase standing at €18,32 mil versus 9,74 mil of the 1stH of previous year. The consolidated earnings before taxes posted a significant increase amounting to €9,37 mil during the first semester of 2013, versus losses of €0,84 mil of the previous period.

 

Dr. Georgios Stamatiou Chairman of the Group, commenting on the aforementioned results stated the following:

 

“The increase of Earnings before and after taxes and the Turnover's maintenance at the same level with the corresponding previous fiscal period, for the parent company and the group, is the result deduced by the financial figures-results of the first half of 2013. The results justify the laborious efforts of the people constituting “IASO's family”. I am confident that, at these tough and uncertain social and financial circumstances, IASO's people will demonstrate (even) more strength and will continue working with the same commitment to the goals, the main of which are:

 

  • Maintaining and increasing the number of clients'/patients' in combination with further raise of their satisfaction level.
  • The enhancement of the IASO – Physicians' liaison, in order to jointly improve the status, the efficiency and the tender to people and society.
  • The further rationalization of the operating cost.
  • New services development, incorporating new techniques of medicine.
  • Seek out of opportunities, for any kind of new acquisitions.
  • Cash liquidity enhancement as well as the decrease of Group's borrowings and it's cost.”

 

A table with the main financial figures of the first semester 2013 and the

corresponding figures of the first semester of the previous year is attached.

 

FUNDAMENTAL FINANCIAL FIGURES

 

GROUP

PARENT COMPANY

in mil.

1st Half

2013

1st Half

2012

1st Half

2013

1st Half

2012

Sales

60,16

62,76

33,50

33,32

Gross Profit

11,52

8,77

9,06

6,72

EBITDA

18,32

9,74

10,39

7,92

Earnings before Taxes ρο Φόρων

9,37

0,16

6,17

1,97

Earnings/losses after Taxes

6,24

-0,84

3,72

1,46

 

 

 











The Half Year Statements of 2013 are posted to the sites of Athens Exchange (www.ase.gr) and IASO (www.iaso.gr).