Financial results for the 6-month period of 2020

VARVARESSOS S.A. turnover during the 6-month period of 2020 reached 3,83 million EURO contrary to 6,10 million EURO in the same period of 2019, decreased by 37,3% due to Covid-19 pandemic and the financing delay of the company's approved Business Plan (according to Greek Development Law 4399/2016) by the banks. The company's exports came up to 3,67 million EURO (96% of the total revenues). Losses before depreciation (EBITDA) have reached 1,58 million EURO contrary to losses 1,83 million  EURO during the same period of 2019.

 

SHARE BUYBACK PROGRAM INITIATION

The Company "KRI-KRI SA MILK INDUSTRY", with VAT No EL094289571 and Reg. No 113772252000 (hereinafter referred to as the "Company"), following the as of 07.07.2020 decision of the General Meeting and the relative as of 08.07.2020 former announcement, hereby announces the initiation of the share buyback program (hereinafter referred to as the "Program").

H1 2020 FINANCIAL RESULS PRESS RELEASE

Chalandri, September 30, 2020 - Significant profitability and 5.2% increase of the Gross Earned Premiums for European Reliance Group of Companies in the first semester of 2020. The Management of the Group presented the financial results, the actions, and the upcoming plans by the end of the year via teleconference, that took place on September 30, 2020.

 

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