SingularLogic shares will be trading in the Medium and Small capitalization sector of Athens Stock Exchange Market following the respective ASE Board of Directors decision taken on 22/03/2007.
The successful turnaround and positive operating results (EBITDA) confirm the restructuring efforts and substantial potential of SingularLogic for the future.
Operating results 2006 (EBITDA) positive trend started in June 2006 and continued to grow throughout the year. At the end of 2006, SingularLogic completed successfully a Euro 56 mln capital increase raising equity to the level of Euro 52 mln.
The successful unification effort resulted in the significant expansion of the customer base and the substantial improvement of the cost structure creating a momentum which in combination with the product and technology revamping effort and the strong capital adequacy makes SingularLogic well poised for profitable growth starting from 2007.
SingularLogic management is expressing their gratitude to all shareholders for their trust and support during the period of restructuring.