The consolidated turnover of "VIOHALCO" for the period 01/01/2011 - 31/03/2011, amounting to € 860 mil. increased by 32,7%, compared with € 648 for the corresponding period of the previous year 2010.
The consolidated profits before taxes, financing, investing results and depreciation ("EBITDA") amounted to € 70,7 mil., compared with € 38,8 mil., for the corresponding period of 2010, increasing by 82,5%. The consolidated results before taxes and minority rights amounted to € 18,3 mil. profits, compared with € 4,4 mil. loss for 2010. Finally the consolidated net results after taxes and minority rights amounted to € 6,82 mil. profit,(or € 0,0342 per share), compared with € 2,8 mil. losses, (or € -0,0141 per share) for the first three months of 2010.
The profits before taxes of VIOHALCO, S.A. for the first three months of 2011 amounted to € 1.0 mil., compared with € 1,5 mil. for the corresponding period of 2010 and the net profits after taxes amounted to € 0,9 mil. (or € 0,0044 per share) compared with € 1,1 mil. (or € 0,0056 per share)
The gradual improvement in the demand, regarding the foreign markets, especially in Europe, combined with the continuous efforts, aiming at the deduction of the operating cost and the access to new markets, had a favorable impact on the results for the first three months on 2011.
The Financial data and information for the period 01/01 - 31/03/2011 are published in folio dated May 31, 2011 of the daily paper KATHIMERINI, and together with the Interim Financial Statements for the same period, will appear in the Company's web site, at the address: www.viohalco.gr, as well as the web site of the Athens Exchange: www.athex.gr .