The company's turnover during the first quarter of 2004 increased by 12,14% reaching to 7,75 million EURO contrary to 6,91 million EURO the corresponding period last year. The company's exports came up to 5,49 million EURO contrary to 4,74 million EURO during the first quarter of 2003, increased by 15,8%. The results before tax marked a loss of 525 thousand EURO compared to 712 thousand EURO the same period last year, improved significantly by 26,27%

The financial figures during the first quarter of 2004 were negative due to the global low consumption, the increased price of raw material (cotton) and the low prices of products.

The company expects, in spite of the difficulties that the textile industry faces, that the financial results will be improved by the end of the year and the turnover is expected to exceed 29.000.000 EURO.