New improved social tariff for the vulnerable in society

Since early 2014, EYATH S.A. has been offering a social tariff with a 50% discount for vulnerable groups. So far 4,000 consumers are benefiting from this scheme.
The scheme applies to those on low incomes with a total taxable income of € 8,000 or below per year, augmented by € 3,000 for each dependent child. Anyone interested in joining the scheme (or their authorised representatives) need to submit an application form and the relevant supporting documents (statement of tax payable and the E1 tax form) and must have a water bill registered under their name.

Net profits of 31.3%

EYATH S.A. ended 2014 Q3 with high profits of € 12.5 million, up some 31.3%.
More specifically, the Q3 interim financial statements show Group turnover at € 54 million compared to € 52.4 million in the same period last year, up some 3.1%. Gross profits stood at € 20 million compared to € 18 million in the same period in 2013, up 11%. EBT stood at € 16.9 million compared to € 11.8 million in the same period last year, up 43.6%, while earnings net of tax stood at € 12.5 million compared to € 9.5 million in Q3 last year, up some 31.3%.

2013 and 2015 rates

EYATH S.A. intends on fixing its rates for year ahead (2015) at 2013 levels.
“This is a new age for EYATH, as a modern public utility, that is constantly improving the services offered to citizens. Our pricing policy reflects both the needs and capabilities of the company and its customers. To take proper account of them all, we are ‘freezing’ the rates for 2015”, said EYATH S.A.’s Chairman and CEO, Nikos Papadakis.