THESSALONIKI WATER AND SEWAGE COMPANY SA

Q1 2007 Financial Results

The WATER SUPPLY AND SEWERAGE COMPANY OF THESSALONIKI S.A. announces that the brief financial data and information from 1-1-2007 to 31-3-2007, according to the International Accounting Standards (IAS), will be published on the 31st of March 2007 in the newspapers: TO VIMA, ELEFTHEROS TYPOS, MAKEDONIA, CHRIMATISTIRIO & CHORA, while the intermediate financial reports and the table of raised funds distribution will be presented in the webpage www.eyath.gr on the same day.
Summing up, the financial results of this fiscal period, present a significant increase in profits, compared to the respective period of last year. The earnings before taxes amounted to 2.156 million euros, compared to1.332 million euros in the first trimester of the fiscal period 2006 that is an increase by 61.7%. The Company's net earnings showed an expansion by 124%, approaching 1.331 million euros, compared to 595 thousand euros last year. Finally, the turnover amounted to 15.635 million euros, compared to 14.502 million euros in the first trimester of 2006, increased that is by 8%.