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ANNOUNCEMENTS

Mochlos: Financial Results 1st Semester of 2011

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MOCHLOS Group of companies has announced the financial results for the 1st semester of 2011, based on the International Financial Reporting Standards (IFRS).

Consolidated turnover for the 1st half of 2011 stood at €13,06m, over €19,8m for 2010, while the company’s turnover stood at €8,5m, over €14,13m for the respective period of 2010.

Consolidated operating results – EBITDA – for the 1st semester of 2011 stood at losses of €0,28m over profits of €3,66m for the respective period of 2010, while the company’s operating results amounted at €0,85m, over €4,17m for the respective period of 2010.     

Consolidated profits before taxes for the 1st semester of 2011 stood at losses of €2,05m over profits of €0,6m for 2010, while the company’s profits before taxes stood at losses of €0,84m over profits of €1,13m for the respective period of 2010.

Group’s equity amounted at €74,18m.

The Group’s management is enhancing its efforts to expand its activities and undertake new construction projects.
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