ATHENS WATER SUPPLY & SEWAGE Co.
H1 2009 key figures & results.
In H1 2009, EYDAP s turnover reached euro 184.092 mn. compared with euro 178.134 mn. last year.
Earnings before taxes reached euro 5.625 mn. compared with euro 11.640 mn. last year, while after-tax earnings summed up to euro 3.685 mn. compared with euro 8.035 mn. in H1 2008.
This decline in EYDAP s H1 2009 earnings is mainly due to the significant rise of the cost of services which reached the amount of euro118.5 mn., compared with euro104.8 mn. the respective half of 2008. This rise is mainly attributed to:
1. The expenses for the operation of the Psyttalia Wastewater Treatment Plant including the Second Phase of wastewater treatment and the operation of the dehydrated sludge desiccation unit since the end of 2008,
2. The significant electric power costs as a result of the water pumping from Lake Yliki until May 2009, in order to secure the continuity of water supply in Athens.
Earnings before taxes reached euro 5.625 mn. compared with euro 11.640 mn. last year, while after-tax earnings summed up to euro 3.685 mn. compared with euro 8.035 mn. in H1 2008.
This decline in EYDAP s H1 2009 earnings is mainly due to the significant rise of the cost of services which reached the amount of euro118.5 mn., compared with euro104.8 mn. the respective half of 2008. This rise is mainly attributed to:
1. The expenses for the operation of the Psyttalia Wastewater Treatment Plant including the Second Phase of wastewater treatment and the operation of the dehydrated sludge desiccation unit since the end of 2008,
2. The significant electric power costs as a result of the water pumping from Lake Yliki until May 2009, in order to secure the continuity of water supply in Athens.