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| 17/05/2010 |
GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A.
PUBLIC POWER CORPORATION SA
TERNA ENERGY S.A.
TERNA ENERGY S.A.
COCA-COLA Å.Å.Å. S.A.
LAMDA DEVELOPMENT S.A.
ELGEKA S.A.
AGRICULTURAL BANK OF GREECE S.A.
BANÊ OF CYPRUS PUBLIC COMPANY LTD
EUROBANK PROPERTIES REIC
HELLENIC DUTY FREE SHOPS S.A.
SPRIDER STORES S.A
ATHENS WATER SUPPLY & SEWAGE Co.
SPRIDER STORES S.A
IASO S.A.
S & B INDUSTRIAL MINERALS S.A.
PIRAEUS BANK S.A.
PIRAEUS BANK S.A.
ALPHA GRISSIN S.A.
COCA-COLA Å.Å.Å. S.A.
MARFIN POPULAR BANK PUBLIC CO LTD
TITAN CEMENT COMPANY S.A.
EUROMEDICA S.A.
BANÊ OF CYPRUS PUBLIC COMPANY LTD
KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A.
MICHANIKI S.A.
FRIGOGLASS S.A.
HELLENIC EXCHANGES S.A.
TITAN CEMENT COMPANY S.A.
TITAN CEMENT COMPANY S.A.
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GEK TERNA HOLDING, REAL ESTATE, CONSTRUCTION S.A. : PURCHASE OF OWN SHARES
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| GEK TERNA S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 25.06.2008 and the Decision of the Board of Directors dated 25.06.2008, proceeded on May 14, 2010 through the member of the A.S.E. FORTIUS FINANCE S.A., with the purchase of 8,600 GEK TERNA's shares at an average price of 4.1127 euros per share and at with a total transaction value of 35,369.85 euros.
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PUBLIC POWER CORPORATION SA : Contract signed for the construction of submarine cable
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PPC S.A. announces that it signed on Friday, May 14, 2010, with the company Nexans Norway AS the contract for the construction of a submarine cable connecting Polypotamos (South Evia) and Nea Makri (Attica). The budgeted cost of the project is € 64 million and it is expected to be completed in 3 years.
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TERNA ENERGY S.A. : Purchase of TERNA ENERGY shares by GEK TERNA
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The company TERNA ENERGY S.A. announces that according to the Law 3556/2007, the Decision 1/434/03.07.2007 and the Circular nr. 33 of the Hellenic Capital Market Commission, that GEK TERNA S.A., which is closely associated to Mr. Michael Gourzis, an Executive Member of the Board of Directors of TERNA ENERGY S.A., proceeded to the purchase of 5,000 common nominal shares on 14/5/2010, of total value of 18,450.00 €.
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TERNA ENERGY S.A. : Purchase of own shares
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TERNA ENERGY S.A. informs the investors that, in compliance with article 4 par. 4 of the Regulation no. 2273/2003 of the Commission of the European Communities and according to article 16 of the Codified Law 2190/1920, as amended and currently in force, as well as by virtue of the Decision of the Regular General Assembly of its Shareholders dated 23.06.2008 and the Decision of the Board of Directors dated 23.06.2008, proceeded on May 14, 2010 through the member of the A.S.E. FORTIUS FINANCE S.A., with the purchase of 22,000 TERNA ENERGY's shares at an average price of 3.6836 euros per share and at with a total transaction value of 81,040.00 euros.
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COCA-COLA Å.Å.Å. S.A. : Announcement of share buy-back
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| Coca-Cola Hellenic Bottling Company S.A. (Coca-Cola Hellenic, the Company) announces, in accordance with article 4, paragraph 4 of Regulation 2273/2003 of the European Commission and pursuant to relevant resolutions of the Extraordinary General Meeting of its shareholders dated 27 April 2009 and of its Board of Directors dated 30 April 2009, that on 14 May 2010 it bought back 40,000 shares at an average price of euro 18.4862 per share, with a total value of euro 739,449.25. The shares were purchased through National P&K Securities S.A.
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LAMDA DEVELOPMENT S.A. : Announcement
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, LAMDA Development S.A. (the Company) announces that following the decision of the Annual General Meeting of the Shareholders of the Company and the Board of Directors' resolution (dated May 5, 2009) purchased own shares through the Athens Exchange Member Eurobank EFG Securities Investment Firm S.A., as follows:
On May 14, 2010 the Company purchased 500 shares, with average cost price € 4,14 per share and total purchase price €2.070,00. |
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ELGEKA S.A. : Share Buy Back
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| ELGEKA S.A. would like to notify the investing public that in compliance with article 4, paragraph 4 of Regulation 2273/2003 of the European Commission and pursuant to the decision of the Ordinary General Shareholder Meeting on the 30th of June 2008 and the resolution of the Board of Directors on the 21st of April 2010, and in accordance with article 16 of L. 2190/1920, during the trading session of the 14 of May 2010, the Company purchased 200 own shares at an average price of 0,600000 € per share, of total value 120,00 €. The shares were purchased through the National-P&K Securities A.E.P.E.Y.
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AGRICULTURAL BANK OF GREECE S.A. : Announcement - Laws 3556/2007, 3340/2005 and article 24, para. 2a of Law 3461/2006
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ATEbank, according to the provisions of Laws 3556/2007, 3340/2005 and article 24, para. 2a of Law 3461/2006, in the context of its voluntary tender offer addressed to the shareholders of "Agrotiki Insurance S.A.", announces that on 14/05/2010 proceeded with the purchase of 15,041 common registered shares with voting rights of the company "Agrotiki Insurance S.A.", that represent 0.06% of the total voting rights of the Company, at the price of €1.53 per share.
Previous to the above purchase ATEbank SA owned directly 25,459,985 shares (93.20%) and after the above purchase ATEbank SA holds directly 25,475,026 shares (93.25%).
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BANÊ OF CYPRUS PUBLIC COMPANY LTD : Approval to increase investment
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| Bank of Cyprus Group announces that it has obtained the approval of the Central Bank of Cyprus to increase its participation in the share capital of Banca Transilvania to up to 20%. The increase of its participation is also subject to the approval of National Bank of Romania to which the Group has submitted the relevant application. In December 2009 Bank of Cyprus Group acquired 9.99% of Banca Transilvania. If and when the necessary approvals have been obtained, the Group will be able, if a suitable opportunity arises, to increase its percentage participation to up to 20%.
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EUROBANK PROPERTIES REIC : Announcement of Acquisition of Own Shares
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In accordance with Regulation of the Committee of European Community no 2273/2003, article 4, par.4, Eurobank Properties REIC ("the Company") announces that following the decision of the Annual General Meeting of the Shareholders of the Company (dated March 16th, 2009) and the Board of Directors' resolution (dated March 16th, 2009), purchased, own shares through the Athens Exchange Member Eurobank EFG Securities Investment Firm S.A. as follows:
On May 14, 2010 the Company purchased 1.000 shares, with average price € 5,60 per share and total purchase price € 5.600.
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HELLENIC DUTY FREE SHOPS S.A. : Announcement pursuant to Law 3556/2007
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| HELLENIC DUTY FREE SHOPS S.A. announces that, pursuant to the Law 3556/2007 and to the Law 3340/2005 (article 13) and the Decision 3/347/12.07.2005 of the Hellenic Capital Market Commission, AGRICULTURAL BANK OF GREECE S.A. (ATEbank), which is closely associated to Mr. Nikolaos Kezos and Mr. Elias Betsis, both non executive members at the Board of Directors of HELLENIC DUTY FREE SHOPS S.A., on May 14, 2010, sold 2,224 common shares of the Company, with total value of €10,778.06.
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SPRIDER STORES S.A : Announcement of Regulated Information of Law 3556/2007
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| SPRIDER STORES S.A. announces based on Law 3556/2007 (articles 3 and 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that on May 14, 2010, Mr. Athanasios Antonios Maltezakis, Investor Relations Officer (bound person according to article 13 of Law 3340/2005), sold 2,651 common shares, with a total net value of euro 1,511.07.
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ATHENS WATER SUPPLY & SEWAGE Co. : Corporate announcement.
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| EYDAP S.A. announces the following placements, effective from May 13, 2010: Mr. Stefanos Georgiadis has undertaken the position of the General Director of Networks & Infrastructure Operations, Mr. Ioannis Passios has undertaken the position of the General Director of Project Development and Production.
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SPRIDER STORES S.A : PUBLICATION OF SPRIDER STORES Q1 2010 FINANCIAL STATEMENTS
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| SPRIDER STORES S.A. announces that the Financial Data and Information and the Interim Financial Statements for Q1 2010 will be published on Thursday, May 20, 2010 and will be available at the corporate website www.spriderstores.com as well as in the website of Athens Exchange at the address www.athex.gr. |
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IASO S.A. : Announcement of regulated information according to the law 3556/2007
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| The company IASO S.A. announces, according to L.3556/2007 (art. 3 and art. 21) in combination with article 11 of Decision 1/434/03.07.2007 of the Hellenic Capital Market Commission that the Member of the Board of Directors, Mr THEOFANAKIS PANAGIOTIS of GEORGIOU (bound person according to article 13 of Law 3340/2005), on May 14th 2010, purchased 777 common shares, with a total net value of euro 1.938,90
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S & B INDUSTRIAL MINERALS S.A. : Announcement for the termination of the Share Buy Back program.
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S&B Industrial Minerals S.A. announces the termination on 14.5.2010 of the period (14.5.2008 to 14.5.2010), which had been specified by the relevant decision of the Annual General Meeting of Shareholders dated 14.5.2008, for the implementation of a share buy back program of up to 3,000,000 of the Company's shares, against a minimum purchase price equal to the par value of each Company share i.e. Euro 1 per share and a maximum purchase price Euro 20 per share.
Within the above period (14.5.2008 to 14.5.2010) the Company has acquired 446,251 common shares against an average purchase price of Euro 6.50 per share, representing in total 1.08% of the Company's Share Capital. The total number of Company shares owned today by the Company amounts to 446,251 common shares, representing 1.08% of the Company's share capital.
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PIRAEUS BANK S.A. : Notification of important changes concerning the voting rights deriving from shares under L.3556/2007.
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Pursuant to the provisions of L.3556/2007, Piraeus Bank notifies investors that on the 13th of May 2010 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mr Georgios Liakopoulos) during the Ordinary General Meeting of Piraeus Bank on 19.05.2010, amounted to 15,86461% of the total number of voting rights of the Bank, namely 53.348.379 voting rights. The threshold crossed by the person subject to the notification obligation is 15%.
The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was 111.775, the total number of voting rights was 46.476.425 and the total percentage of the voting rights was 13,82105%.
The voting rights attached to shares following the triggering transaction are as following: The total number of shares amounts to 111.775 (directly), the total number of voting rights amounts to 111.775 (directly) and 53.236.604 (indirectly) and the total percentage of the voting rights amounts to 0,03323% (directly) and 15,83138% (indirectly).
Mr. Georgios Liakopoulos will discontinue possessing 53.236.604 voting rights on 20.05.2010.
From the total number of 53.236.604 voting rights which the obligor may exercise in his capacity as proxy during the Ordinary General Meeting on 19.05.2010, 45.265.750 are identical to the voting rights held by the obligor Mrs Kyriaki Fragalexi, given that they can be exercised separately by either of the two obligors.
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PIRAEUS BANK S.A. : Notification of important changes concerning the voting rights deriving from shares under L.3556/2007.
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Pursuant to the provisions of L.3556/2007, Piraeus Bank notifies investors that on the 13th of May 2010 the percentage of voting rights attached to shares of its issuance which may be exercised by proxy holder (Mrs Kyriaki Fragalexi) during the Ordinary General Meeting of Piraeus Bank on 19.05.2010, amounted to 13,46890% of the total number of voting rights of the Bank, namely 45.292.221 voting rights and it occurs change greater than 3%.
The voting rights attached to shares prior the triggering transaction are as following: The total number of shares was 26.471, the total number of voting rights was 39.556.033 and the total percentage of the voting rights was 11,76308%.
The voting rights attached to shares following the triggering transaction are as following: The total number of shares amounts to 26.471 (directly), the total number of voting rights amounts to 26.471 (directly) and 45.265.750 (indirectly) and the total percentage of the voting rights amounts to 0,00787% (directly) and 13,46103% (indirectly).
Mrs. Kyriaki Fragalexi will discontinue possessing 45.265.750 voting rights on 20.05.2010.
The aforesaid 45.265.750 voting rights which the obligor may exercise in his capacity as proxy during the Ordinary General Meeting on 19.05.2010 are identical to the voting rights held by the obligor Mr. Georgios Liakopoulos, given that they can be exercised separately by either of the two obligors.
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ALPHA GRISSIN S.A. : Ánnouncement of Regulated Information according to L3556/2007 - Ôrade Ácknowledgement (L.3340/2005).
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| According to L3556/30.04.2007 (ar.3 & ar.21) in combination with of the Decision 1/434/03.07.2007 (ar.11) of the Board of Directors of the Hellenic Capital Market Commission and about trade acknowledgement, ALPHA GRISSIN POWER AND ENVIRONMENTAL CONTROL SYSTEMS S.A., trading as ALPHA GRISSIN SA, informs the public, that the person in managerial position (according to ar.13 of L3340/2005) Mr Dimitrios Papakonstantinou, Member of the Board of Directors- non executive, father's name Mr Omiros Papakonstantinou , proceeded on 14/05/2010 to the acquisition of 1000 common shares of Alpha Grissin SA, total worth 742,62 euro.
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COCA-COLA Å.Å.Å. S.A. : INFORMATION PURSUANT TO ARTICLE 4 PARA. 2 F OF LAW 3401/2005 REGARDING THE ADMISSION FOR LISTING OF SHARES OF THE COMPANY PURSUANT TO STOCK OPTION PLANS FOR THE COMPANY’S EMPLOYEES AND FOR THE EMPLOYEES OF ITS AFFILIATED COMPANIES
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| See company's announcement. |
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MARFIN POPULAR BANK PUBLIC CO LTD : Meeting of the Board of Directors to consider the Financial Results for the period January - March 2010 .
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Marfin Popular Bank Public Co Ltd announces that its Board of Directors will meet on Thursday 27 May 2010, to consider among other subjects the Financial Results for the period January - March 2010.
The results will be announced to the Athens Stock Exchange and Cyprus Stock Exchange on the same day.
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TITAN CEMENT COMPANY S.A. : ANNOUNCEMENT
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| TITAN CEMENT COMPANY S.A. ( the Company) announces in accordance with article 14 para. 3 of Law 3556/2007 and after having been notified in writing by its shareholder MITICA LTD, a company controlled by Mr. J. Tzivelis, that as of 12.5.2010 the stake of its above shareholder in the share capital of the Company fell below 5% of the voting rights of the Company and came up to 4.99759% of the voting rights of the Company.
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EUROMEDICA S.A. : Resignation and replacement of BoD member
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| Euromedica SA hereby informs its shareholders and the investing public that on 14/5/2010 Mr. Dimitrios Nanopoulos resigned from his position as independent non-executive member of the company's Board of Directors and will be replaced by Mr. Konstantinos Leontios.
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BANÊ OF CYPRUS PUBLIC COMPANY LTD : Deduction of Defence Fund Contribution on Dividends / Interest and
Dividend Reinvestment Plan
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Investors are being informed that the questionnaire of the Inland Revenue Department for the verification of the fulfilment of the term 'Non Cyprus Resident' for 2010 has been posted to all Bank of Cyprus Public Company Ltd shareholders and bondholders living abroad.
According to the Law, 'Non Cyprus Resident' is the natural person who lives in Cyprus less than 183 days of a tax year.
The questionnaire for the dividend must be received by Bank of Cyprus by Tuesday 1 June 2010 the latest and the questionnaire for the interest must be received by Friday 4 June 2010 the latest. If the questionnaires are not received on time, the Bank is obliged by Law to deduct defence fund contribution from the payable dividend/interest and forward it to the Inland Revenue Department.
In case where the securities are registered in a joint account or in a co-owners' Investor Share, then each shareholder/bondholder must sign a separate questionnaire.
If part of an investor's holding is registered in the Central Depository/ Registry of the Cyprus Stock Exchange (CSE) and part in the Dematerialised Securities System (DSS) of the Hellenic Exchanges, the investor has to complete a separate Questionnaire for each Investor Share Code.
DIVIDEND REINVESTMENT PLAN
Investors are reminded that the Bank of Cyprus Dividend Reinvestment Plan ('the Plan') is in force. The applicable discount offered under the Plan is 10%. Based on the 10% discount offered, dividends will be reinvested at 90% of the weighted average closing price of the share at the Cyprus Stock Exchange (CSE) and the Athens Exchange (ATHEX) for the first five working days that the share is quoted ex-dividend.
Investors can obtain the Terms and Operating Conditions of the Plan and the Application Form for Enrolment or Termination of participation in the Plan ('the Application Form') from:
* the Group's website www.bankofcyprus.com
(select Inv. Relations / Shareholder Structure & Share / Dividend Reinvestment Plan)
* the Group's Shares & Loan Stock Department in Nicosia, tel. (+357) 22 121755
* the Bank's Custody, Shareholders & Derivatives Clearing Department in Athens, tel. (+30) 210 77 65 222
Once an investor enrols in the Plan, his participation remains in force for all future dividends which will be automatically reinvested on his behalf, unless he requests in writing to withdraw from the Plan or unless the Bank suspends or terminates the Plan.
Investors are reminded that, for their instructions to be valid for the proposed dividend and for all future dividends, the Company must receive their Application Form on the working day prior to the ex-dividend date, i.e. by Tuesday 1 June 2010. If their Application Form is not timely received, their instructions will only be effective for future dividend payments.
If part of an investor's shareholding is registered in the Central Depository/ Registry of the Cyprus Stock Exchange (CSE) and part in the Dematerialised Securities System (DSS) of the Hellenic Exchanges, the investor has to complete a separate Application Form for each Investor Share Code.
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KIRIACOULIS MEDITERRANEAN CRUISES SHIPPING S.A. : Invitation to the Ordinary General Assembly of the shareholders
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Following the Board of Directors decision of 17.5.2010 and in accordance with the company?s Articles of Association, the shareholders of "KIRIACOULIS MEDITER-RANEAN CRUISES SHIPPING S.A." are invited to the Ordinary General Assembly, on Wednesday, 30 June 2010, at 16.30 p.m. at the Company offices, in Alimos - Attica, at 7, Alimou Ave., for discussing and taking decisions on the following issues:
Agenda of the meeting
1. Submission and hearing of the reports of the Board of Directors and of the Áuditor concerning the Annual Financial Report of the period 01.01.2009 to 31.12. 2009 for the company and the Group.
2. Submission and approval of the Annual Financial Report of the period 01.01.2009 to 31.12.2009 for the company and the Group as well as of the Áuditor's report.
3. Release of the members of the Board of Directors and of the Áuditor from any liability for compensation in connection with the Annual Financial Report and the administration and management in general of the period 01.01 -31.12.2009.
4. Election of auditors (regular/alternate) for the period 01.01.2010 to 31.12.2010 and fixing of their fee.
5. Approval of the distribution of the profits.
6. Approval of the remuneration and expenses paid to the members of the Board of Directors and fixing of the relevant future remuneration and expenses.
7.Éncreasing of the nominal value of each share from 0,30 to 0,60 while reducing the number of outstanding shares (reverse split) at a ratio of 2 / 1, meaning a decrease in the number of shares from 15.190.320 shares to 7.595.160 shares and the corresponding amendment of article 5 of the Company and the formation into a single text.
8. Various issues and announcements.
Shareholders are entitled to participate in the General Assembly either in person or with a proxy. A relevant draft of proxy is available in the Company website www.kiriacoulis.com and at the Company offices (7, Alimou Ave., Alimos - Attica, tel. 210 9886187 & fax 210 9885392). Each share gives the right of one vote. Shareholders wishing to participate in the General Assembly either in person or with a proxy must, through their administrator in the System of Dematerialized Certificates (Greek SAT), block all or part of their shares and receive by said administrator a relevant certificate which they must lodge (together with any documentation of representation) with the Company's Treasurer, or the Consignations & Loan Fund, or any recognised Bank in Greece or abroad and deposit the respective certificates at the Company offices at least five (5) days before the day of the General Assembly. In case no administrator has been appointed and the shares are kept in the special account, the relevant certificate is produced by the Hellenic Exchanges Holding S.A., at 110 Athinon Avenue, in Athens.
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MICHANIKI S.A. : Statement on the nominal reduction of the share capital by reducing the ordinary and preferred share nominal value
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MICHANIKI S.A announces that the 2nd repeat extraordinary General Assembly of the ordinary share holders of 17.02.2010, and the 2nd repeat particular extraordinary General Assembly of the preferred share holders of 17.02.2010, have decided to reduce the nominal share capital of the Company, aiming at creating a special reserve fund of equal amount, according to the provisions of §4a of article 4 of L. 2190/1920, as added with article 32 of L.3763/2009, without changing the amount (the quantity) of the shares and remaining unchanged the total Company equity.
This change has taken place by means of reduction of the nominal value of each, ordinary and preferred, share from € 1,54 to € 0,70, that is to say by a reduction by € 0,84 per ordinary and preferred share.
With the reduction in question the share capital currently amounts to € 65.034.559,10, divided into 92.906.513 registered shares of € 0,70 nominal value each one and more specifically into a) 66.937.526 registered ordinary shares of € 0,70 nominal value each one with right of vote and b) 25.968.987 registered non convertible preferred shares with no right of vote of € 0,70 nominal value each one. The total Company equity remains unchanged
At the same time, the process for increase of the share capital by cash payment decided by the aforementioned extraordinary General Assembly is in progress.
The Ministry of Economy, Competitiveness and Shipping by its K2-2381/15.03.2010 decision approved the amendment of the relevant articles 5 and 32 of the Company Articles of Association with regard to the aforementioned nominal reduction and the increase of the share capital by cash payment (OJ OF THE HELLENIC REPUBLIC T.A.E- E.P.E. 1978/18.03.2010).
The BoD of the Athens Stock Exchange was informed of the reduction of the nominal value of the Company?s shares at its meeting of May 13, 2010
Accordingly, as of the 4th working day following the date of information of the ASE's BoD, that is to say 19 May 2010, the Company?s shares will be negotiable in the ASE with the new nominal value, 0,70 Euros per ordinary and preferred share.
For more information, our shareholders may address to the Department of Shareholder Service of the Company (Tel. 210-8097100).
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FRIGOGLASS S.A. : Resolutions of the Annual General Meeting of the shareholders of FRIGOGLASS S.A.I.C. of 14 May 2010
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The Annual General Meeting of the shareholders of "FRIGOGLASS S.A.I.C." took place on 14 May 2010. 65 shareholders representing 27.648.408 shares, out of a total number of 40.200.160 shares corresponding to 68.77% of the Company?s total share capital were present or represented and voted at the Meeting.
The following matters on the Agenda were discussed and the following decisions were taken:
1) The Management Report of the Board of Directors and the Report of the Company's Chartered Auditor-Accountant on the Company's Financial Statements and activities for the fiscal year 2009 (01.01.2009 - 31.12.2009) were submitted and approved.
2) The Company's annual Financial Statements for the fiscal year 2009 (01.01.2009 - 31.12.2009) and the consolidated Financial Statements were submitted and approved.
3) The members of the Board of Directors and the Auditors of the Company were released from any liability for their activity during the year 2009 (01.01.2009 - 31.12.2009).
4) The remuneration of the members of the Board of Directors for their participation in the meetings of the Board of Directors and their services to the Company for the year 2009 (01.01.2009 - 31.12.2009) was approved and their remuneration for the year 2010 (01.01.2010 - 31.12.2010) was pre-approved.
5) PricewaterhouseCoopers was elected as Statutory Auditors for the fiscal year 2010 (1.1.2010 - 31.12.2010) and the Board of Directors was authorised to determine its fees.
6) The distribution of a dividend of EUR 0.10 per share for the year 2009 (01.01.2009 - 31.12.2009) was approved.
7) The adoption of a stock option plan for executives of the Company and its affiliate companies, in accordance with article 13 par. 13 and 14 of Codified Law 2190/1920, was approved.
All resolutions were taken by majority |
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HELLENIC EXCHANGES S.A. : HELEX Q1 2010 financial results - EUR9.8m net after tax profits
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The consolidated net after tax profits of HELEX in the first quarter of 2010 amounted to EUR9.8m compared to EUR5.8m in the corresponding period last year, increased by 69%.
The results of the first quarter do not include a provision for the additional tax burden due to the "extraordinary social responsibility tax" imposed on businesses with Law 3842/2010. The company estimates that the total burden on the 2010 results will be approximately EUR8m.
The consolidated turnover of the Group increased by 50%, to EUR19.2m vs. EUR12.8m in Q1 2009.
This increase is due to the 74% increase in revenue from clearing in the cash market (EUR5.8m in Q1 2010 vs. EUR3.3m in the corresponding period last year) as well as to the increase in revenue from stock trading in the cash market by 68% (EUR3.7m in Q1 2010 vs. EUR2.2m in Q1 2009), due to the extremely low volume of transactions in Q1 2009 which in turn was due to the international financial crisis.
The total value of transactions in Q1 2010 amounted to EUR12.2bn vs. EUR7bn in Q1 2009m a 75% increase, while the total volume of transactions (number of shares that changed hands) increased by 33% in Q1 2010 compared to Q1 2009 (2.3bn shares vs. 1.7bn shares).
The operating expenses of the Group were significantly reduced in Q1 2010. In particular, operating expenses before depreciation amounted to EUR5.3m vs. EUR5.7m in Q1 2009, reduced by 7%.
The Group's EBIT amounted to EUR12.2m, a 103% increase compared to Q1 2009 (EUR6m).
The net profits per share in Q1 2010 amounted to EUR0.15 vs. EUR0.08 in Q1 2009.
HELEX's financial statements are posted on the Company's website (www.helex.gr).
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TITAN CEMENT COMPANY S.A. : 2010 Q1 Results
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| see the press release |
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TITAN CEMENT COMPANY S.A. : Announcement
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| See the presentation
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