Financial results for the 6-month period of 2013

VARVARESSOS S.A. turnover during the 6-month period of 2013 reached 10,61 million EURO compared to 7,38 million EURO in 2012. The company’s exports came up to 7,06 million EURO which is 66,49% of the revenues. Profits before depreciation (EBITDA) have reached 13,72 million EURO contrary to losses 1,11 million EURO during the same period of 2012. Profits after taxes reached 12,72 million EURO compared to losses 2,32 million EURO in the 6-month period of 2012.
The company’s results were affected positively thanks to the collection of Restructural Aid of 14.000.000 EURO on 28.06.2013, which were allocated to lending banks to reduce long-term debt of the company.
The aforementioned statements are posted at the company’s website

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