25 September 2018

Space Hellas says pre-tax profits rise to €548.000

14 September 17 - RE+D Magazine
Space Hellas says pre-tax profits rise to €548.000



Space Hellas on Thursday said its after tax profits totaled 548,000 euros in the first half of 2017, from 400,000 euros in the same period last year, for an increase of 37.25 pct.


Consolidated turnover rose slightly to 25.2 million euros in the January-June period from 25.1 million last year, while gross earnings fell to 5.9 million euros from 7.0 million in 2016, although EBITDA rose to 2.1 million from 2.0 million, over the same periods respectively.

Pre-tax profits grew to 849,000 euros in the first six months of the year from 632,000 in the same period in 2016, while cash flows from operating activities totaled -2.559 million euros from -5.192 million last year.

Parent turnover was 23.5 million euros in the first half from 23.4 million in 2016, EBITDA were unchanged at 1.5 million euros and pre-tax earnings eased to 900,000 euros from 1.0 million in 2016. After tax earnings fell to 854,000 euros from 954,000 euros, respectively.


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