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Athens News Agency: News in English, 10-05-31

Athens News Agency: News in English Directory - Previous Article - Next Article

From: The Athens News Agency at <http://www.ana.gr/>

CONTENTS

  • [01] Babis Vovos reports improved Q1 results

  • [01] Babis Vovos reports improved Q1 results

    Babis Vovos on Monday reported after-tax losses of 3.1 million euros in the first quarter of 2010 and said EBITDA dropped 63 pct to 1.8 million euros, compared with the same period in 2009.

    The company attributed this result to a (downward) readjustment of investment real estate properties, worth 4.9 million euros, in the January-March period.

    Net financial expenses totaled 4.9 million euros in the first three months of the year, down 7.8 pct from the same period last year. Group income rose 57 pct to 22.6 million euros, while leasing income were unchanged at 13 million euros. Net asset value/earning fell 0.8 pct to 11.68 euros.


    Athens News Agency: News in English Directory - Previous Article - Next Article
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