IASO S.A.
Q1 2007 Financial Results
IASO Group''s financial results present a continuing growth during the 1st Quarter of 2007, confirming the management''s expectations.
At Group level, revenues reached the amount of Euro 42.624 mil. Vs. Euro 34.529 mil of the same period in 2006, showing an increase of 23.4%, while earnings before interest taxes, depreciation and amortization (EBITDA) reached the amount of Euro 11.942 mil. Vs. Euro 7.117 mil of the same period in 2006, showing an increase of 67.8%.
The Group''s earnings before taxes amounted to Euro 9.550 mil. Vs. Euro 4.957 mil of the same period in 2006, representing an increase of 92.6%, while earnings after taxes and minority interests amounted to Euro 7.120 mil. Vs. Euro 3.434 mil. of the same period in 2006, increasing by 107.4%.
Regarding the parent Company''s figures, revenues amounted to Euro 25.603 mil. Vs. Euro 21.019 mil. of the same period in 2006, increasing by of 21.8 %, while earnings before interest taxes, depreciation and amortization (EBITDA) reached Euro 9.923 mil. Vs. Euro 6.856 mil of the same period in 2006, showing an increase of 44.7%.
Parent Company''s earnings before taxes amounted to Euro 9.174 mil. Vs. Euro 6.214 mil. of the same period in 2006, increasing by 47.7%, while earnings after taxes and minority interests amounted to Euro 6.881 mil. Vs. Euro 4.379 mil of the same period in 2006, increasing by 57.1%.
The achievement of the above results is mainly attributed to:
The parent Company''s revenues increase, as a result of the rise in the inpatients and outpatients inflow. This continuing increase of the Company''s figures indicates the trust and loyalty that associate physicians and patients show to IASO.
Profit before taxes of the subsidiary IASO General, which has already been established as one of the country''s most well equipped general clinics, with medical and nursing personnel of high professional caliber. The supply of high level health services by IASO General has been well perceived and recognized by the market; as a result thereof the company is experiencing a significant growth in admissions and in occupancy rate.
The remarkable results of the Group''s subsidiary MEDSTEM Services S.A., which activates in the field of stem cells collection, processing and storage. The Company operates the most highly scientifically and technologically equipped bank/unit of cord blood in Greece and the only private bank/unit that stores all the implants into its laboratories. It operates under the guidelines and control of one of the largest banks of America, Cryobanks International.
The release of the Interim Financial Statements of the 1st Quarter of 2007, will take place on Thursday May 31st, 2007.
At Group level, revenues reached the amount of Euro 42.624 mil. Vs. Euro 34.529 mil of the same period in 2006, showing an increase of 23.4%, while earnings before interest taxes, depreciation and amortization (EBITDA) reached the amount of Euro 11.942 mil. Vs. Euro 7.117 mil of the same period in 2006, showing an increase of 67.8%.
The Group''s earnings before taxes amounted to Euro 9.550 mil. Vs. Euro 4.957 mil of the same period in 2006, representing an increase of 92.6%, while earnings after taxes and minority interests amounted to Euro 7.120 mil. Vs. Euro 3.434 mil. of the same period in 2006, increasing by 107.4%.
Regarding the parent Company''s figures, revenues amounted to Euro 25.603 mil. Vs. Euro 21.019 mil. of the same period in 2006, increasing by of 21.8 %, while earnings before interest taxes, depreciation and amortization (EBITDA) reached Euro 9.923 mil. Vs. Euro 6.856 mil of the same period in 2006, showing an increase of 44.7%.
Parent Company''s earnings before taxes amounted to Euro 9.174 mil. Vs. Euro 6.214 mil. of the same period in 2006, increasing by 47.7%, while earnings after taxes and minority interests amounted to Euro 6.881 mil. Vs. Euro 4.379 mil of the same period in 2006, increasing by 57.1%.
The achievement of the above results is mainly attributed to:
The parent Company''s revenues increase, as a result of the rise in the inpatients and outpatients inflow. This continuing increase of the Company''s figures indicates the trust and loyalty that associate physicians and patients show to IASO.
Profit before taxes of the subsidiary IASO General, which has already been established as one of the country''s most well equipped general clinics, with medical and nursing personnel of high professional caliber. The supply of high level health services by IASO General has been well perceived and recognized by the market; as a result thereof the company is experiencing a significant growth in admissions and in occupancy rate.
The remarkable results of the Group''s subsidiary MEDSTEM Services S.A., which activates in the field of stem cells collection, processing and storage. The Company operates the most highly scientifically and technologically equipped bank/unit of cord blood in Greece and the only private bank/unit that stores all the implants into its laboratories. It operates under the guidelines and control of one of the largest banks of America, Cryobanks International.
The release of the Interim Financial Statements of the 1st Quarter of 2007, will take place on Thursday May 31st, 2007.