ΒΙΟΧΑΛΚΟ Ε.Β. ΧΑΛΚΟΥ ΚΑΙ ΑΛΟΥΜΙΝΙΟΥ Α.Ε.
Results for the period 01/01/2009 - 30/09/2009
The consolidated turnover of ?VIOHALCO? for the period 01/01/2009 - 30/09/2009, amounted to euro 1.728 mil., decreasing by 40%, compared with the corresponding period of the year 2008. The consolidated profits before taxes, financing, investing results and depreciation (EBITDA) amounted to euro 59,78 million , compared with euro 289,72 mil., the consolidated results before taxes and minority rights for the period were losses amounting to euro 75,53 mil., compared with the corresponding results of 2008 amounting to euro 137,09 mil. profit. Finally the net consolidated results after taxes and minority rights amounted to euro 51,62 mill loss, (or euro -0,2588 per share), in comparison with euro 57,52 mil. profit for 2008 (or euro 0,2895 per share).
The Group's results were negatively affected by the prevailing global financial crisis, as a result of which the sales volume and products prices narrowed down significantly.
The Group's net liabilities from loans amounted to euro 1.023 mil., during the first nine months of 2008, decreasing by euro 91,2 mil. or 8,18%,compared with those of 31/12/2008, as a result of the continuous efforts of the Group's companies to achieve the highest improvement in the working capital management.
The VIOHALCO GROUP companies, due to the continuing negative international market conditions, go on to proceed to a series of reparative efforts, having as main goals the effective management of working capital, the decrease of the liabilities from loans, the decrease of the production cost and the development of the production of high value added goods.
Regarding the company VIOHALCO, S.A. the profits before taxes for the period 01/01 ? 30/09/2009 amounted to euro 4,4 mil. compared with euro 32,4 mil. for the corresponding period of 2008, decreasing by 86,42% due to the lack of dividend distribution, for the financial year 2008, by the subsidiary companies. Finally, the Company's income from rents amounted to euro 3,9 mil., increasing by 45%, compared with the relevant income of the corresponding period of 2008.
Data and information regarding the period 1.1.2009 - 30.09.2009 have been published in Follio dated November 27, 2009 of the daily paper KATHIMERINI and they will be presented, together with the interim financial statements, regarding the same period, in the company?s web site, www.viohalco.gr, as well as the Athens Exchange web site www.athex.gr.
The Group's results were negatively affected by the prevailing global financial crisis, as a result of which the sales volume and products prices narrowed down significantly.
The Group's net liabilities from loans amounted to euro 1.023 mil., during the first nine months of 2008, decreasing by euro 91,2 mil. or 8,18%,compared with those of 31/12/2008, as a result of the continuous efforts of the Group's companies to achieve the highest improvement in the working capital management.
The VIOHALCO GROUP companies, due to the continuing negative international market conditions, go on to proceed to a series of reparative efforts, having as main goals the effective management of working capital, the decrease of the liabilities from loans, the decrease of the production cost and the development of the production of high value added goods.
Regarding the company VIOHALCO, S.A. the profits before taxes for the period 01/01 ? 30/09/2009 amounted to euro 4,4 mil. compared with euro 32,4 mil. for the corresponding period of 2008, decreasing by 86,42% due to the lack of dividend distribution, for the financial year 2008, by the subsidiary companies. Finally, the Company's income from rents amounted to euro 3,9 mil., increasing by 45%, compared with the relevant income of the corresponding period of 2008.
Data and information regarding the period 1.1.2009 - 30.09.2009 have been published in Follio dated November 27, 2009 of the daily paper KATHIMERINI and they will be presented, together with the interim financial statements, regarding the same period, in the company?s web site, www.viohalco.gr, as well as the Athens Exchange web site www.athex.gr.