- 14 February 2019
- Posted by: eyath-editor
- Category: Corporate announcements
In spite of higher levels of provisions, EYATH S.A. reported high profits and liquidity in the first half of 2016, with an increase of over 13% in gross profits and EBT.
The interim financial statements for the first half of 2016 show Group turnover of € 37.8 million compared to € 37.3 million in the same period last year, up 1.25%. Gross profits stood at € 15.9 million compared to € 14 million, up some 13.24%. EBT stood at € 10.7 million compared to € 9.5 million in the same period last year, up 13.34% and earnings after tax stood at € 5.49 million compared to € 5.54 million in that period last year (a drop of 0.97%) due to the rise in the tax rate from 26% to 29%.