Significant increase of the consolidated Profits Before Taxes of IASO S.A. by 48,35% and consolidated Revenues by 17,20% during the 9 month period of 2007.
IASO Group?s financial results present a continuing growth during the 9 month period of 2007, confirming the management's expectations.
At Group level, Revenues reached the amount of 123,96 mil.euros during the 9 month period of 2007 Vs. ? 105,77 mil of the same period in 2006, showing an increase of 17,20%, while Earnings Before Interest Taxes, Depreciation and Amortization (EBITDA) reached the amount of 32,35 mil.euros Vs. 23,78 mil euros, showing an increase of 36,07 %. The Group's earnings before taxes amounted to 24,36 mil.euros during the 9 month period of 2007 Vs. 16,42 mil euros of the same period in 2006, representing an increase of 48,35 %, while Earnings After Taxes amounted to 14,54 mil. euros Vs. 10,37 mil. euros, presenting an increasing of 40,17%, and having incorporated additional taxes and penalties that were imposed by the Tax Audit Authorities, on the parent company and its subsidiary IASO General S.A. for the fiscal years 2002, 2003, 2004 and 2005.
Regarding the parent Company's figures, Revenues amounted to 74,38 mil. euros during the 9 month period of 2007 Vs. 65,60 mil.euros of the same period in 2006, increasing by 13,38 %, while Earnings Before Interest Taxes, Depreciation and Amortization (EBITDA) reached 27,27 mil. euros Vs. 22,84 mil. euros, showing an increase of 19,4%. Parent Company?s Earnings Before Taxes amounted to 24,39 mil.euros for the 9 month period of 2007 Vs. 20,27 mil.euros of the same period in 2006, increasing by 20,34%, while Earnings After Taxes amounted to 16,68 mil.euros Vs. 14,36 mil. euros, increasing by 16,18%.
The increase in the inpatients and outpatients' flow and profitability of the 3 operating companies of the Group, IASO S.A., IASO General S.A. and Medstem Services S.A. had a significant contribution in achieving the above figures of the Group.
It must be also noted that the continuing increase of IASO S.A. and IASO General S.A. figures, is mainly attributed to the expansion of the associated physicians? base and indicates the trust and loyalty that associate physicians and their patients show to the Group IASO. IASO General Hospital has been established as one of the best equipped General hospitals in the country, staffed with well trained and highly qualified medical and nursing personnel. The supply of high standards 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 occupancy. The release of the Interim Financial Statements of the 9 month period of 2007, will take place on Friday 30th of November 2007.
Maroussi 29-11-2007
The Company's Spokesman
Lambros Mitrou