23.02.2005

IMAKO MEDIA S.A. notifies the following by a Press Release to Athens Stock Exchange: 

The financial sizes of IMAKO MEDIA S.A. are improved during the fiscal year ending on December 31st, 2004, which is considered very satisfactory. The turnover amounted to € 32.455.000 compared to € 29.946.000 in the respective period of last year, increased by 8,39%. Said increase is the result of the increase of the advertisement revenues.  The earnings before taxes and depreciation amounted to € 2.845.000 in 2004 compared to € 2.563.000, presenting an increase of approximately 11%. Finally, the net profits before taxes amounted to € 1.641.000 compared to € 1.333.000 in the respective period of last year, that is, increased by 23,11%.

At a Group lever the consolidated turnover presents an increase of 9,16%, amounting to € 32.371.000 in 2003 compared to € 35.336.000 in 2004.  The earnings before taxes, depreciation and Group’s minority rights amounted to € 3.112.000 in 2004 compared to € 2.886.000 in 2003, that is, increased by approximately 7,83%. The consolidated profits before taxes and minority rights amounted to profits of € 1.587.000 compared to € 1.369.000 in the respective period of last year, that is, increased by 15,92%. The improvement of the Group’s results is mainly due to the increased profitability of the Mother Company.  

As far as the dividend policy is concerned, the Board of Directors proposes for approval to the General Meeting  the distribution of dividend of total amount of € 500.535, that is, € 0,03 per share. The dividend performance reaches a percentage of 4%, taking into account the price of the share on December 31st, 2004 (€ 0,75).

N. Irakleio 23.02.2005