- 14 February 2019
- Posted by: eyath-editor
- Category: Corporate announcements
Net earnings of EYATH increased by more than 76% in the first half of 2017, with steady turnover and no tariff increases or “rebates” in its social policy, but with additional discounts on those affected by the frost and a significant increase of relative settlements.
In particular, according to the interim financial statements for the first half of 2017, turnover was at the level of 37.7 million €, compared to 37.8 million € for the same period of the previous year (decrease of 0.20%). Gross profit for the period amounted to 16.95 million € against 15.9 million € in the previous period, recording an increase of 6.64%.
Group’s pre-tax profits for the same period amounted to 14 million €, compared with 10.7 million € of last year, an increase of 31.22%, while after tax profits stood at 9.7 million €, from 5.49 million €, recording an increase of 76,58%. In addition, cash in 30 June 2017, stood at 71 million € against 56.7 million of last year, an increase of 25.68%. The increase in cash to such a level, is due to the payment of the dividend after the end of the first half of the year 2017.