28.11.2008

The Company IMAKO MEDIA S.A. announces, through a Press Release,  to ATHEX the following:
IMAKO Group’s financial figures have been significantly improved. The Company’s turnover for the period ended on September 30, 2008 amounted to 32,006 thousand Euro versus 31,103 thousand Euro on September 30, 2007, demonstrating an increase of 2.9%.
The gross profit amounted to 5.649 thousand Euro on September 30, 2008 versus 5.581 thousand Euro on September 30, 2007, presenting an increase by 1.2%.
The gross margin amounts to 17.65% on September 30, 2008 versus 17.94% in the corresponding period last year.
The Profit before Financial, Investment Results, Depreciation and Taxes for the fiscal year amounted to 2,459 thousand Euro on September 30, 2008 versus 1,941 thousand Euro on September 30, 2007, that is, they were significantly increased by 26.73%, while the Profit before taxes and investment results amounted to 1,451 thousand Euro in profit on September 30, 2008, versus 923 thousand Euro in profit on September 30, 2007, demonstrating a significant increase in the region of 57.20%.
Finally, the net profit before taxes amounted to 103 thousand Euro in profit on June September 30, 2008 versus 199 thousand Euro in loss on September 30, 2007, while the net profit after taxes amounted to 133 thousand Euro in profit on September 30, 2008 versus 225 thousand Euro in loss on September 30, 2007. For the fiscal year ended on September 30, 2008, the Group’s  consolidated turnover amounted to 41,500 thousand Euro versus 34,682 thousand Euro on September 30, 2007, demonstrating a significant increase in the region of 19.66%, while the gross profit amounted to 10,323 thousand Euro on September 30, 2008 from 7,260 thousand Euro on September 30, 2007, significantly increased by 42.20%. The gross margin amounted to 24.88% on September 30, 2008 versus 20.93% in the corresponding period last year.
The Profit before Financial, Investment Results, Depreciation and Taxes for the fiscal year amounted to 3,211 thousand Euro on September 30, 2008 versus 2,496 thousand Euro on September 30, 2007, that is, they were increased by 28.63 %, while the Profit before taxes and investment results amounted to 1,985 thousand Euro in profit on September 30, 2008, versus 1,340 thousand Euro in profit on September 30, 2007, demonstrating a significant increase in the region of 48.12%.
Finally, the net profit before taxes amounted to 110 thousand Euro in profit on September 30, 2008 versus 129 thousand Euro in profit on September 30, 2007, while the net profit after taxes and minority rights amounted to 12 thousand Euro in profit on September 30, 2008 versus 11 thousand Euro in profit on September 30, 2007.
The financial results of the 9-month period of 2008 also include companies which were not consolidated in the financial statements of the 9-month period of 2007, such as the Company ATTICA IMAKO MEDIA SRL (publishing company of the magazine ΙnStyle of Romania), and the publishing Company STAR PRINT S.A.
Furthermore, the financial results of the companies RADIOPLIROFORIKI MME S.A. (radio station derti) and SPACE FM STEREO S.A. (radio station Sfera), are included in the consolidation for a different time period (nine months in 2008 versus 11 days in 2007), and thus the Group's financial figures are not comparable to those of the corresponding period last year.
Group’s results have been encumbered because investments in Greece, via the printing Company STAR PRINT S.A., as well as in Romania via the Company ATTICA IMAKO MEDIA SRL(publishing Company of the magazine Ιnstyle in Romania) are in the initial stage of implementation and materially contribute to the growth since the second quarter of 2008.
These investments are expected to produce benefits for the Group in the following fiscal year.
The very good progress of investments in radio businesses RADIOPLIROFORIKI MME S.A. (radio station Derti)  and  SPACE FM STEREO S.A. (radio station Sfera) continued in the third quarter of the current year, thus confirming the decision of the Group’s Management to extend its operations in the radio industry.
The Group's Management, closely keeping un with the recent financial developments, has already taken a series of actions, since the beginning of the current year, within the context of the overall reorganization and consolidation of the Group, with the purpose to reduce the operating const, which continued in the third quarter of 2008. Furthermore, its collaboration with the Press Foundation, editor of the daily political newspaper Eleftheros Typos, was broadened, and thus the Esquire magazine shall be distributed as an insert to the newspaper’s Saturday issue, and subsequently as an independent publication.