Group Results First Quarter 2001
Review Group sales during the period 1st January-31March 2001 increased by 35%, to 2,6 bio GRD (1,9 bio in 2000). Group invoiced sales during the same period increased by 32%, to 2,5 bio GRD (1,9 bio in 2000). Net profit before tax was GRD 77 million (303 million in 2000). This profit includes an extraordinary gain of GRD 245 million for the sale of real estate not used in the operations. Profit without this extraordinary item increased by 32% compared to the 1st quarter of last year.Summary Consolidated Profit & Loss Statement (in 000 GRD).
Summary Balance Sheet Items (in 000 GRD).
Prospects for 2001. The previous profit forecast of about 1 billion GRD remains unchanged. The Company was established in Thessaloniki in 1922. It manufactures, modifies, distributes and supports a wide range of automotive products including automobiles, trucks, buses, generating sets, diesel engines, boats, outboard engines, earthmoving and industrial equipment. The Company has a leading position in the Greek market in each branch of its activity. For further information, please contact Ms. Athina Tsiaga, tel.: 30 1 3499211.
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