The financial performance of Hellenic Fabrics S.A. Group continues during the last quarter of 2005, over-passing initial Management expectations. According to the recent company estimations, consolidated profit before tax is expected to exceed euro 7 mln, improved by approximately 38%, as compared to 2004. As in past years, the vast majority of sales, more than 80%, were exported mainly to European Union countries.

During 2005, the Group continued to apply its strategy by focusing mainly in quality, innovation and flexibility. Investments in machinery amounted to euro 11 mln, thus having completed the 2000-2005 investment plan of euro 75 mln. The Group has already covered through its two cotton-ginning plants, its needs in high quality cotton until the end of 2006. Its vertical structure provides the Group with better control over all stages of production, quality and cost of the final product.

The products of Hellenic Fabrics S.A. have been established in the European market, thus generating optimism as to the Group?s prospects in 2006.