MLS: Financial results for the third quarter of 2012 and for the period of 1 January 2012 until 30 September 2012.

MLS Multimedia SA announces its financial results for the third quarter and for the period of 1 January 2012 until 30 September2012. After two years of recession due to the crisis in the Greek market, the company succeeded in the third quarter of this year to get back to growth with its turnover of the 3^rd quarter increasing by 16% (1.93 million euro compared to 1.66 million in 2011) and profit after tax increasing by 24% (434 thousand Euro compared to 351 thousand Euro in 2011). Regarding the whole nine month period, the turnover of MLS decreased by 17%, 5.02 million this year compared to 6.02 million in the same period in 2011. Profit before interest, taxes, depreciation and amortization (EBITDA) decreased by 18%, 3.21 million Euro this year compared to 3.93 million Euro in 2011 while profit after taxes decreased by 33%, 1.1 million Euro compared to 1.65 million Euro in 2011. The company has no bank debt and adequate liquidity.

Important factor for the return of MLS to growth was the launch of MLS iQTalk, the first Greek mobile phone released in the Greek market in the third quarter of this year. The gradual development of exports helped the company return to growth.
Although the company reduced operating costs, it continued its investment in research and development (R & D) and is preparing new revolutionary products. The company's management expects that in the last quarter of 2012 the growth rate will increase further.