Earnings after taxes and minority rights have presented an impressive increase (64.12%) during the first semester of the current fiscal year compared to the equivalent one of last year. In particular they amounted to 4.282 mil euros against 2.609 mil euros last year.
At the same time earnings before taxes have been increased by 45% approximately and reached 6.102 mil euros against 4.216 mil euros last year. Earnings per stock during the first semester reached 0.24 euros against 0.14 euros, presenting an increase of 71.4%.
Meanwhile EYATH's turnover "closed" at 33.289 mil euros, against 31.854 mil euros in the first semester of 2006, presenting an increase of 4.5%. The company's net position from 73.318 mil euros in the first semester of 2006, reached 73.983 mil euros this year (it is noted that only at the end of the managerial period can we practice any comparative criticism) while at the same time the cash holdings on the 30/06/07 reached 12.699 mil euros against 10.358 mil euros on the 31/12/2006 an increase therefore of approximately 23%
According to EYATH's Managing Director Giorgos Skodras, the significant strengthening of profit making is due to:
* The company's expansion policy
* The balancing of expenses
* The limitations on waste and certain people's "privileges"
* The 40% reduction in contractor cost for the operation of the facilities (distillery, biological processing)
* The reduction in the project invoices as well as in those of damage repair. It is noted that the invoices for damage repair in the water supply network have been reduced by 60% and by 25% in the sewerage network
* In the transparency policy and the fortification of competition, which has resulted in the quadruplicating of discounts achieved by the company, within the framewok of contests for the assignment of its projects.