HELEX FY2009 financial results - 8 Mar 2010
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Press Release
HELEX 2009 financial results
€29.5m net after tax profits
The consolidated net after tax profits of HELEX in 2009 amounted to €29.5m. On a comparable basis, i.e. excluding the extraordinary tax of €12.1m (Law 3808/2009), imposed on the total net profits for fiscal year 2009 of the companies of the Group, the net after tax profit amounted to €41.6m vs. €65.0m in 2008, reduced by 36%.
The consolidated turnover of the Group was reduced by 28%, to €78.3m vs. €108.4m in 2008.
This reduction is due exclusively to the drop in share prices, as the volume of transactions (number of shares traded) increased by 20% in 2009 compared to 2008 (11.5 vs. 9.6bn shares). The total value of transactions in 2009 amounted to €50.9bn vs. €78.2bn in 2008, reduced by 35%.
During 2009, the Group also posted non-recurring revenue of €1.8m from the claim on the tax paid on the Capital Market Commission fee in fiscal year 2000. In 2008, the Group had recorded €7.0m in non-recurring revenue.
Total operating expenses before depreciation were significantly reduced for the fifth straight year. In particular, operating expenses amounted to €23.1m vs. €26.3m in 2008, reduced by 12%.
The Group's EBIT in 2009 amounted to €50.2m vs. €80.6m in 2008, reduced by 38%.
The net profits per share in 2009, after the extraordinary tax, amounted to €0.45 vs. €0.92 in 2008.
HELEX's financial statements are posted on the Company's website (www.helex.gr).