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