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ANNOUNCEMENTS

Mochlos: 3Q FInancial Results 2011

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MOCHLOS Group of companies has announced the financial results for the 3Q of 2011, based on the International Financial Reporting Standards (IFRS).
 
Consolidated turnover for the 3Q of 2011 stood at €18,97m, over €26,76m for 2010, while the company’s turnover stood at €12,77m, over €18m for the respective period of 2010.
 
Consolidated operating results – EBITDA – for the 3Q of 2011 stood at profits of €2,30m over profits of €5,63m for the respective period of 2010, while the company’s operating results amounted at €2,82m, over €5,15m for the respective period of 2010.     
 
Consolidated profits before taxes for the 3Q of 2011 stood at losses of €0,60m over profits of €1,70m for 2010, while the company’s profits before taxes stood at losses of €0,07m over profits of €1,25m for the respective period of 2010.
 
Group’s equity amounted at €75,54m.
 
The Group’s management is enhancing its efforts to expand its activities and undertake new construction projects.
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