HELLENIC FABRICS S.A. announces financial results for 1st quarter 2010.
The financial figures of HELLENIC FABRICS S.A. showed an improvement during the first quarter 2010.
The group's turnover for continued activities was increased by +29% to the amount of €16.06 mln, against €12.47 mln in the first quarter of 2009.
The parent company's turnover amounted to €12.47 mln against €8.98 mln in previous year's corresponding period, increased by +39%.
The group's financial results before taxes were also improved and amounted to €-1.74mln from €-2.62 mln in the first quarter of 2009, while the parent company's financial results before taxes showed also an improvement and amounted to €-1.84, against €-2.39 in the same period of 2009.
The group's EBITDA amounted €+0.26 mln against €-0.52 mln in the first quarter of 2009, while the parent company's EBITDA amounted to €-0.46 mln against €-1.05 mln in the same period of 2009.
“HELLENIC FABRICS S.A.” is today among the three largest denim industries in Europe and the only one in Greece.