Financial results for the 6-month period of 2019

VARVARESSOS S.A. turnover during the 6-month period of 2019 reached 6,1 million EURO contrary to 8,4 million EURO in the same period of 2018, decreased by 27% due to the financing delay of the company's approved Business Plan (according to Greek Development Law 4399/2016) by the banks. Until 30.06.2019, the company invested 3,4 million EURO with shareholders' and company's funds and 25% of the approved subsidy of the Development Law for the fundamental change of its entire production process and the penetration into new innovative markets.

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