THESSALONIKI WATER AND SEWAGE COMPANY SA

FY 2015 RESULTS ANNOUNCEMENT

 

EYATH SA 2015 fiscal year concluded with much improved financial figures, succeeding an increase of it's before tax earnings by 1.8%.

 

Specifically, group turnover reached the amount of €73 mil. compared to €73.7 mil. during the previous fiscal year, making a decrease of 0.87% due to the decrease of the charged water amounts by 1.1 mil. cubic meters and the respective sewerage charges.

 

Gross earnings reached the amount of €26 mil. versus €26.3 mil. (a decrease of 0.8%), whereas the before tax earnings reached the amount of €20.7 mil. versus €20.3 mil. an increase of 1.8%. After tax earnings reached the amount of €13.5 mil. from €13.4 mil. which is an increase of 0.76% (increase of the tax coefficient). ΕΒΙΤDA reached the amount of €25.3 mil. from €24.2 mil. illustrating an increase of 4.5%.