MICROLAND COMPUTERS S.A.
Financial Results - 1st Quarter 2008.
Turnover, euro 20.7 million.
Despite the severe shrinking of retail sales in Greece, that took place during the first quarter of 2008 and specifically in March, something that is also stressed in the reports of National Statistical Service, Microland not only achieved to retain its financial size but to continue its undiminishing rhythm of growth, by increasing considerably the number of sales points.
Turnover for the first quarter of 2008 amounted to euro 20.7 millions from euro 21.2 millions presenting a slight decrease of 2.1% concerning the corresponding interval in 2007. The earnings before taxes, interest and depreciation (EBITDA) for the first quarter 2008, were euro 792 thousands from euro 802 thousands at the equivalent last year's interval, presenting light bending of 1,3%, while the profits before taxes amounted in the euro 314 millions from euro 329 thousands at the equivalent last year's interval. The profits after taxes were formed in euro 218 thousands from euro 329 thousands the first quarter last year.
The financial numbers of the Group and the parent company are the same.
The slight bend on the financial results figures, is owed mainly to the increased expenses for the establishment of new Microland shops.
Microland constitutes the largest independent retail sale network for telecommunication services in Greece, with 61 sale points and an aim to reach 100 within 2008. Through Microland's Store Network, the consumer has the ability to select any mobile telephony program from the 3 providers operating in Greece, as well as fixed telephony and internet programs by Altec Telecoms. The Management's objective is for Microland to constitute a "one stop shop" in the sale of telecommunication services, with the largest store network in which all mobile telephony providers and most broadband service providers will have presence.
Despite the severe shrinking of retail sales in Greece, that took place during the first quarter of 2008 and specifically in March, something that is also stressed in the reports of National Statistical Service, Microland not only achieved to retain its financial size but to continue its undiminishing rhythm of growth, by increasing considerably the number of sales points.
Turnover for the first quarter of 2008 amounted to euro 20.7 millions from euro 21.2 millions presenting a slight decrease of 2.1% concerning the corresponding interval in 2007. The earnings before taxes, interest and depreciation (EBITDA) for the first quarter 2008, were euro 792 thousands from euro 802 thousands at the equivalent last year's interval, presenting light bending of 1,3%, while the profits before taxes amounted in the euro 314 millions from euro 329 thousands at the equivalent last year's interval. The profits after taxes were formed in euro 218 thousands from euro 329 thousands the first quarter last year.
The financial numbers of the Group and the parent company are the same.
The slight bend on the financial results figures, is owed mainly to the increased expenses for the establishment of new Microland shops.
Microland constitutes the largest independent retail sale network for telecommunication services in Greece, with 61 sale points and an aim to reach 100 within 2008. Through Microland's Store Network, the consumer has the ability to select any mobile telephony program from the 3 providers operating in Greece, as well as fixed telephony and internet programs by Altec Telecoms. The Management's objective is for Microland to constitute a "one stop shop" in the sale of telecommunication services, with the largest store network in which all mobile telephony providers and most broadband service providers will have presence.