Second revision of its forecast for the financial results of 2005.
Following the announcement of the results for the first half of the current fiscal year, which showed considerable increase compared to last year's same period, and given the positive development of the parameters which affect those sizes during the third quarter, METKA Group's administration announces a second revision of its forecast for the financial results of 2005.
Investors are informed that the consolidated sales for the current fiscal year are expected to reach 225 million, an increase of approximately 30% compared to last year's same period, while the consolidated profit before taxes, interest, and depreciation (EBITDA) are expected to reach 55 million. As regards the consolidated profit before taxes (EBT), they are expected to double compared to last year, and reach approx. 55 million. Finally, it should be mentioned that METKA has a backlog of signed contracts which surpasses 500, while the value of the projects under negotiation, which are expected to be contracted in the near future, surpasses the 400 million.
The Company's Administration wishes to point out that this announcement of expected results is based on current data and parameters of the market. Forecasts obviously contain uncertainties since they concern future events. The company follows all developments and, if needed, a new announcement shall be made concerning the above estimates.