The first quarter results of the company and the Group IASO were published and the key figures are the following:
Sales: € 18,16 mil. and € 32,92 mil.
EBITDA: € 4,75 mil. and € 5,46 mil.
Earnings before Taxes: € 2,93 mil. and € 1,58 mil.
Earnings after Taxes: € 2,28 mil. and € 1,16 mil.
Regarding the A' quarter 2011 interim financial statements, Dr Georgios Stamatiou Chairman of the BOD commented the following:
We are very satisfied with the A? quarter results, since we do not overlook the circumstances under which they were achieved. The key financial figures of the parent company and the group were reduced, as a consequence of the policy that we are following the last few months.
We point out that last year we have realized a program of price list reductions at the parent company which reached up to 45% at the economy class beds. In addition, smaller scale reductions have also recently took place, since we want IASO companies to be attractive in both quality and prices, that is the most current demand of the market and in which we have corresponded with consistency. In order for this to become possible, all the people of IASO family' have worked hard and achieved the necessary decrease of the operational costs.
It should be pointed out that at the first quarter results there was a significant reduction of the operational costs due to everyone?s efforts. These efforts will be continued with the same intensity in the next period of time.
The A' Quarter financial statements have already been posted to the Athex website (www.ase.gr) as well as to the company?s website.