MLS Multimedia announces the financial results for the first quarter 2012.Turnover reached 2,1 million from 2,8 million in the respective last years period(-25%). EBITDA reached 1,2 million in comparison with 1,6 million in the same period last year, a decreace of 23%. Net result after taxes during the first quarter amounted to 436 thousand against 849 thousand in the first quarter 2011.
Net worth reached 17,6 million from 17,4 million in 31.03.2011. The company has no loans and satisfying liquidity.
First quarter 2012 results are not directly comparable to the first quarter 2011 which include revenues from the project of the interactive white board, the MLS IQBoard, a project of total amount 1,6 million(2010-2011). MLS participates in 2012 in the new public tenders of total amount 2,8 million and expects the results till the end of 2012.
In any case, the first quarter 2012 is a better one in comparison to the last quarter 2011 due to the international sales.