On Wednesday, May 20, 2006 the company Con.Cardassilaris & Sons S.A. - CARDICO presented in hotel ATHENAEUM InterContinental its FY 2005 financial results to analysts. The company was represented by Mr. Nikolaos Cardassilaris, President of the Board of Directors, and Mr. Stylianos Vassiliadis, Chief Financial Officer. During the presentation the speakers mainly referred to the structure of the company's activities, the FY 2005 financial results, as well as the Group's medium-term strategy and its perspectives for the financial year 2006. At the beginning of the presentation, Mr. Cardassilaris made an allusion to CARDICO'S activities, which are divided to production and trade of dried nuts. As regards the production activity, special emphasis was given to the company's new production facilities in Schimatari, covering a total area of 20.9 th. m2, which started operating in 2004 and represent an investment of euro 32.5 mil., which gave the company a new dynamic in the production of all types of dried nuts. Regarding the Group's commercial activity, special allusion was made to the geographic allocation of sales, where for 2005 approximately 66% of consolidated sales represented foreign sales. Next, Mr. Cardassilaris referred to the company's strategy for the next years, which as regards the production activity, it is mainly focused on verticalising production while keeping the quality of products and improving profit margins through investments on new state-of-the-art equipment and on R&D. In the field of distribution and trade, the Group aims at ensuring its leading position in Europe, through the presence of CARDICO products in the largest distribution networks in Europe. In general, the company aspires to expand its product mix with new innovative high quality products, which will respectively provide higher profit margins. Regarding the Group's financial results for the FY 2005, sales stood at euro 234.8 mil. over euro 173.9 mil. in the respective period last year, marking a dynamic increase of 35%. Finally, earnings after tax and minorities for the year 2005 stood at euro 7.5 mil. over euro 4.8 mil. in 2004, up by 56.4%. At that point, Mr. Cardassilaris stressed out that regarding the quarterly results of 2006 the company expects retention of sales for the first half of 2006, resulting from the commercial policy implemented due to the low prices in the international market of dried nuts. However, he noted that for the second half of 2006 sales are expected to grow at higher rates based due to the fact that dried nuts prices are expected to rise and that the company's client base will further increase. As regards the FY 2006 financial results, the company's management expects total consolidated sales to rise to euro 269.7 mil., up by 14.9%. Respectively, earnings after tax and minorities for the current year are expected to stand at euro 12.2 mil., marking an increase of 62.8%.