MLS Multimedia: Growth continues for the fourth consecutive quarter

MLS shows an increase in all its financial figures in the first semester of 2013. The company's turnover increased by 22% amounting to 3.75 million Euros from 3.1 million Euros in the corresponding period of 2012.  Profit after tax increased by 21% and amounted to 805 thousand Euros compared to 668 thousand Euros last year. Earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to 2.32 million Euros compared to 2.07 million Euros in the corresponding period of 2012 (12% increase). The Total equity of the company amounted to 18.6 million Euros and cash&cash equivalents at 1.05 million Euros.

On the occasion of the company's financial results for the first semester of 2013 President and CEO of MLS Mr. John Kamatakis noted: "Growth continues now for the fourth consecutive quarter. We believe that the growth rate will increase in the upcoming quarters. After entering the smartphone market MLS also entered the tablet market in the present third quarter with four new models. We are stepping up our investments in research and development and are preparing many new products with cutting edge innovations”.