News
Results for the First Semester 2007
31.08.2007
The company IMAKO MEDIA S.A. notifies the following to Athens Stock Exchange by means of a Press Release:
Significant Profits increase during the first Semester 2007
The company’s turnover for the period ending on June 30th, 2007 amounted to 20.943.000 Euros compared to 20.029.000 in 2006, presenting an increase of 4,56%.
The gross profits amounted to 3.486.000 in 2007 compared to 4.179.000 in 2006, decreased by 7,96%, presenting nevertheless a significant increase in comparison with the first quarter 2007, during which the gross profits were decreased by approximately 34%. The gross margin amounted to 18,37% in 2007 compared to 20,87% during the respective period of last year, clearly improved in comparison with the first quarter during which the respective rates were 15,66% in 2007 and 26,24% in 2006. The Fiscal Year’s Earnings before Financings, Investment Results, Depreciations and Taxes amounted to 1.547.000 Euros in 2007 compared to 957.000 Euros in 2006, that is increased by 61,58%, whereas Earnings before taxes and investment results amounted to 870.000 Euros in 2007 compared to 229.000 Euros in 2006. Finally, net profits/losses before taxes amounted to profits of 153.000 Euros approximately in 2007 compared to losses of 246.000 Euros in 2006, that is increased by 161% approximately, whereas net profits after taxes amounted to profits of 166.000 Euros in 2007 compared to losses of 259.000 Euros in 2006.
The gross profits amounted to 3.486.000 in 2007 compared to 4.179.000 in 2006, decreased by 7,96%, presenting nevertheless a significant increase in comparison with the first quarter 2007, during which the gross profits were decreased by approximately 34%. The gross margin amounted to 18,37% in 2007 compared to 20,87% during the respective period of last year, clearly improved in comparison with the first quarter during which the respective rates were 15,66% in 2007 and 26,24% in 2006. The Fiscal Year’s Earnings before Financings, Investment Results, Depreciations and Taxes amounted to 1.547.000 Euros in 2007 compared to 957.000 Euros in 2006, that is increased by 61,58%, whereas Earnings before taxes and investment results amounted to 870.000 Euros in 2007 compared to 229.000 Euros in 2006. Finally, net profits/losses before taxes amounted to profits of 153.000 Euros approximately in 2007 compared to losses of 246.000 Euros in 2006, that is increased by 161% approximately, whereas net profits after taxes amounted to profits of 166.000 Euros in 2007 compared to losses of 259.000 Euros in 2006.
At Group level, the consolidated turnover presents an increase of 7,51%, whereas the gross profits amounted to 5.025.000 Euros in 2007 compared to 4.829.000 Euros in 2006. The gross margin amounted to 21,45% in 2007 compared to 22,16% during the respective period of last year, nevertheless clearly improved in comparison with the first quarter, during which the respective rates amounted to 18,12% for the year 2007 and 27,09% for the year 2006. The Fiscal Year’s Earnings before Financings, Investment Results, Depreciations and Taxes amounted to 2.090.000 Euros in 2007 compared to 1.103.000 Euros in 2006, that is increased by 89.41%, while Profits before taxes and investment results amounted to profits of 1.324.000 Euros in 2007 compared to 286.000 Euros in 2006. Finally, net profits/losses before taxes amounted to profits of 473.000 Euros in 2007 compared to losses of 297.000 Euros in 2006, that is increased by 259% approximately, whereas net profits/losses after taxes and minority rights amounted to profits of 389.000 Euros in 2007 compared to losses of 352.000 Euros in 2006.
The significant improvement of the financial results is due to the Parent Company’s profitable results on one part and the improvement of the subsidiary companies’ results on the other part. It is worth noting the significant increase of the results of the jointly held (50%) Turkish company VATAN IMAKO YAYINCILIK A.S., which has already constituted one more profitable investment for the Group since its first year of operation.
Furthermore, the improvement that the cash flows present and particularly the significant increase of the inflows from operational activities, which amounts to 1.656.000 Euros during the First Semester of 2007, compared to negative inflows of 1.693.000 Euros in 2006, helped considerably and allowed the Company to renew its fixed assets, as well as to reduce its loans by approximately 500.000 Euros.
ATHENS 31.08.2007
