In Q2 2010, EYDAP's turnover reached € 181.892 mn., down 1.20% compared with € 184.092 mn. last year.
On the contrary, earnings before taxes reached € 7.580 mn. (up 34.76%) compared with € 5.625 mn. last year, while after-tax earnings summed up to € 3.015 mn. compared with € 2.972 mn. in Q2 2009 (up 1.45%).
It must be noted that Q2 2010 earnings were influenced by the special income tax imposition (Law 3808/09) which summed up to € 2.260 mn.
The Chairman of the BoD, Prof. Themistoklis Lekkas, has commented the Q2 financial results pointing out that "this year s earnings show a stabilization of the financial figures of the Company, compared to those of 2009. The measures applied by the top management of EYDAP, target at the steady decrease of expenses and the "tidying-up" of the financials. Apart from the earnings boosting, the top management targets at the decrease of the short-term debt, which will cut down the financial cost of the Company".
The CEO of EYDAP S.A., Mr. Nikos Bardis has noted that EYDAP is a big company and the main target of the top management is the emergence of its potential and perspectives, the exploitation of its know-how, the upgrade of the services, the development of new activities, the expansion within Greece and selected markets abroad.
The financial figures of the Company ,he added, not only do they not impress the real potential and dynamics of EYDAP, but on the contrary, they damnify it. Besides the harsh national financial and social circumstances, EYDAP has certainly significant improvement and further development margins. And that's what we intend to achieve, by taking steady, well-designed steps, improving day by day the financial ratios of the Company, tapping the skills of the employees and the assimilated know-how of the Company.