A remarkable increase of 23.2 % in revenues is shown by IASO Group of companies, reaching the amount of Euro 143.84 mil. Vs. Euro 116.74 mil in the year 2005, while Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA) reach the amount of Euro 33.86 mil. in 2006 Vs. Euro 19.96 mil of the same period in 2005, showing an increase of 69.6%.
An impressive increase of 167.4% is also shown at the group?s Earnings Before Taxes which amounted to Euro 24.20 mil. Vs. Euro 9.05 mil for the year 2005, while Earnings After Taxes and minority interests reached the amount of Euro 13.10 mil. in 2006 Vs. Euro 5.76 mil. in the previous year, showing an increase of 127.3%.
This great performance is also demonstrated by the parent Company?s figures. Revenues reached the amount of Euro 88.74 mil. Vs. Euro 76.68 mil. in 2005, showing an increase of 15.7 %, while Earnings Before Interest Taxes, Depreciation and Amortization (EBITDA) reached the amount of Euro 31.57 mil. in 2006 Vs. Euro 23.94 mil in 2005, showing an increase of 31.9%.
Earnings Before Taxes (EBT) amounted to Euro 28.50 mil. in 2006 Vs. Euro 20.14 mil. in the previous year, increasing by 41.5%, while earnings after taxes and minority interests reached the amount of Euro 20.20 mil. Vs. Euro 13.29 mil for the same period in 2005, increasing by 51.9%.
The Company''s B.O.D will propose to the Shareholders Annual General Meeting, a dividend of Euro 0.30 per share. If this dividend gets approved by the Shareholders Annual General Meeting it will represent an increase of 50% to 200% on the annual dividend ever distributed since the listing of the company?s shares in Athens Stock Exchange.
The achievement of the above results is mainly attributed to:
- The revenues increase of the parent Company, as a result of the rise in the inpatients and outpatients inflow.
- The improvement of results of the subsidiary IASO General, which has already been established as one of the country?s best 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 IASO Group''s activation in the field of stem cells collection, processing and storage through its subsidiary MEDSTEM Services S.A. The Company operates a state of the art (scientifically and technologically wise) bank of cord blood in Greece and the only private bank 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 annual financial statements of the fiscal year 2006 will be published on Thursday 29th of March 2007.