The Anonymous Company of Industry and Commerce STELIOS KANAKIS, which is activated in the commerce of raw materials of pastry-making, bakery and ice-cream, presented a net profit after taxes increase of 15,93% and a sales increase of 3,54% at the end of the financial year 2005.

According to the Annual Financial Statements for the period from the 1st of January to the 31st of December 2005 (financial year 2005), which were drawn up in respect of the International Standards of Financial and Economical Information, emerge the following:
- The annual turnover arose to Euro 14,252 millions, presenting an increase of 3,54% compared to Euro 13,765 millions for 2004.
- The profits before taxes, financing, investing results and depreciations (EBITDA) arose to Euro 1,87 millions compared to Euro 1,86 millions for 2004.
- The profits before taxes arose to Euro 1,508 million from Euro 1,498 million for 2004
- The profits after taxes increased significantly by 15,93% and arose to Euro 936,753 thousands from Euro 808,029 thousands for the precedent year.

The significant increase of the net profits after taxes, compared to 2004 is principally due to the following factors (elements):
a) the decrease of the tax rate regarding the anonymous companies for 2005 and
b) the fact that during the year 2004 taxes were imputed from the completion of the regular tax control (fiscal years 1999-2002 136.435 Euro) more than to the year 2005 (fiscal years 2003-2004 80.375 Euro).

It must be noted in particular that the net profit per share was improved by 16,28% and arose to Euro 0,15 from Euro 0,129 for 2004. The situation of the operational cash flows was positive, element that proves and demonstrates the ability of the company to procure cash and to preserve monetary cash in hand, in order to finance the development and the aggressive commercial policy, which is focused to its further penetration in the Greek and international markets (Cyprus, Balkan Countries). The investments arose to Euro 944,238 thousands and were financed by cash in hand and bank loans. With the aforementioned investments, the construction of the new privately owned storage spaces and offices in the Industrial Zone (VIPE) of Sindos in Thessaloniki has been completed. This investment, as the management points out, is incorporated to the planning of the company regarding its expansion in the market of Northern Greece. The aforementioned new commercializing center which the company created in the area of Thessaloniki contains storage spaces of controlled temperature, freezers and offices, of total area 2.004 square meters, in a plot of 10.150 square meters, whereas its operation will be oriented (conducted) to the general commercial and organizational philosophy of the company. The net position of the company arose to 11,328 million Euros and the liabilities sum did not exceed 4,22 million Euros. The Anonymous Company of Industry and Commerce STELIOS KANAKIS, a leading company in the field (branch) of commerce of raw materials of pastry-making, bakery and ice-cream, registered its shares in the Athens Stock Exchange on July 2002. Since that date and up to the year 2005, the company presents constant increase of its sales and profits.