- 14 February 2019
- Posted by: eyath-editor
- Category: Corporate announcements
Q1 2014 Financial Results Announcement
Turnover increase as well as gross profit and positive cash flow are the results of the Q1 2014 financial accounts compared to Q1 2013 for EYATH SA. Specifically, according to the interim financial statements of Q1 2014, group turnover reached €19.2 mil. from €18.3 mil. the respective period last year, making an increase of 4.96%. Gross profit reached the amount of €8.1 mil. from €7.96 mil. an increase of 2.2%. Earnings before taxes reached the amount of €7.6 mil. from €7.7 mil. the respective period last year (increase of 1.26%), whereas the after tax earnings reached the amount of €5.7 mil. from €6.4 mil. from the respective period last year (decrease of 11.75%) due to the increase of the tax coefficients. It is noted that the turnover increase can be explained after the increase of 1 mil. sqm water quantities of the middle tariff category consumption (31-120 sqm), whereas the gross profit increased by 7% of the cost of sales due to the operating cost of the thermo dried unit.