ATHENS WATER SUPPLY & SEWAGE Co.
Announcement
30% INCREASE IN NET PROFITS
Within 2007 the Company's Net profits increased by 30% reaching euro 43.3m from euro 33.3m in 2006.
During the same period, the company's turnover increased by 7.3% (+ euro 26.4m) reaching euro 388.4m compared to euro 362m in 2006. This growth was achieved mainly as a result of increases in both water supply and sewerage services revenues.
EBITDA increased by 14% or euro 10.3m, reaching euro 84.5m in 2007, while EBITDA margin was 21.7% from 20.5% in 2006. Equally, EBIT showed improvement within 2007, reaching euro 63.2m from euro 53.1m in 2006. The EBIT margin was equal to 16.3% from 14.7% in 2006.
Within this frame, the Board of Directors of EYDAP will propose to the 26th Annual General Meeting of Shareholders, which has been scheduled for the 2nd of June 2007, the distribution of a cash dividend of euro 0.14 per share. The proposed dividend is increased by 27.3% to the one of 2006 (euro 0.11 per share).
Within 2007 the Company's Net profits increased by 30% reaching euro 43.3m from euro 33.3m in 2006.
During the same period, the company's turnover increased by 7.3% (+ euro 26.4m) reaching euro 388.4m compared to euro 362m in 2006. This growth was achieved mainly as a result of increases in both water supply and sewerage services revenues.
EBITDA increased by 14% or euro 10.3m, reaching euro 84.5m in 2007, while EBITDA margin was 21.7% from 20.5% in 2006. Equally, EBIT showed improvement within 2007, reaching euro 63.2m from euro 53.1m in 2006. The EBIT margin was equal to 16.3% from 14.7% in 2006.
Within this frame, the Board of Directors of EYDAP will propose to the 26th Annual General Meeting of Shareholders, which has been scheduled for the 2nd of June 2007, the distribution of a cash dividend of euro 0.14 per share. The proposed dividend is increased by 27.3% to the one of 2006 (euro 0.11 per share).