NIKAS Group of companies released its Q1 2006 financial results according to the International Financial Reporting Standards (I.F.R.S.). Consolidated sales stood at Euro 26.2 mil. over Euro 25.4 mil. in the first quarter of 2005 marking an increase of 3.1%. Profit before tax amounted to Euro 2.7 mil. over Euro 3.2 mil. in the first quarter of 2005 marking a decrease of 15.8%. Earnings after tax and minorities stood at Euro 2.3 mil. over Euro 2.1 mil. in the respective period last year, marking an increase of 5.5% due to taxation deduction. The Management of P.G. NIKAS S.A. considers that Q1 2006 financial results are positive, estimating that they will constitute the foundation for successfully achieving the goals set for the current financial year. Specifically, for 2006 estimates are that an organic growth in sales and earnings after tax and minorities of 10% will be achieved. The key points of the management's strategic planning involve the development of its activities in the Balkans and the focus on its core activity. The Q1 2006 Financial Statements are available on the company's website www.nikas.gr and will be published in the daily financial press on May 26, 2006.