MLS Multimedia : +31% profit after taxes in the first quarter

MLS Multimedia SA completed the first quarter of 2013 with an increase of its financial firures. Specifically, the company's turnover amounted to 2.19 million from 2.11 million in the first quarter of 2012 (an increase of 4%). Profit after taxes rose by 31% and amounted to 570 thousand euros from 436 thousand in the same period of 2012. Earnings before interest, tax, depreciation and amortization (EBITDA) increased by 22% (1.55 million versus 1.26 million) compared to the first quarter of 2012. Total equity amounted to 18.37 million from 17.67 million at 31.03.2012.

After more than two years of downturn, the company is in its third consecutive quarter with an upward trend in its financial results. Throughout this period MLS reduced operating costs and improved profitability.

The company's management estimates that growth will increase for total of the current financial year (2013). MLS continues investing in research and development while preparing the launch of new innovative products.