PRESS RELEASE
Piraeus, 28.11.2014
Increasingly profitable for the PPA 9M 2014.
Increase in cash of 111.59% (48.4 mil.)
An increase of 6.36% in profits after taxes presented in the 9M 2014 PPA SA comparing with the same period January - September 2013.
Profit before tax amounted to EUR 10,399,068.30 while profits after tax of EUR 8,644,271.55 compared to EUR 8,127,580.32 in 2013.
The turnover decreased and amounted to EUR 79,984,317.66 against 81,875,864.00 in 2013.
Operating expenses for the period decreased by 5.35% compared to 2013, while the actual reduction of payroll costs 4.62%.
The consumption cost of materials and spare parts increased by 1.15%, while depreciation decreased by 8.08%.
Cash and cash equivalents of the Company amounted to 30/09/2014 at EUR 48,436,564.55 compared to EUR 22,891,650.00 in 2013, an increase of 111.59%.
