INCREASE IN PROFITS FOR KIRIACOULIS
NEW SERVICE POINT IN CROATIA AMOUNTING IN TOTAL TO 21 THROUGHOUT THE WORLD
|NEW ORDERS FOR 2005
“Kiriacoulis Mediterranean Cruises Shipping S.A.” posted an increase in profit before taxes for the first half of 2004 compared to the same period last year.
More precisely, the company’s profit before taxes grew by 8,48% to € 839.177,71 from € 773.578,18 in the first half last year, whereas turnover (net sales) increased by 5,32% reaching € 5.302.638,93 from € 5.034.884,00 last year.
On a consolidated level, profit before taxes and after minority interest of Kiriacoulis Group was reduced by 7,70% to € 872.643,86 from € 945.493,94 in the same period last year, whereas turnover (net sales) increased by 19,68% to € 13.688.263,07 from € 11.437.575,21 in 2003.
It is noteworthy that the increase in the company’s financial figures was achieved in the first half of this year, that is, during a period of limited tourist trade. Moreover, the management’s expectations for increasing profitability were met despite the adverse tourism trend.
According to the most recent figures the management of “Kiriacoulis Mediterranean Cruises Shipping S.A.” estimates that the company’s financial results will display higher growth rates in the second half this year. As the President and Managing Director of “Kiriacoulis Mediterranean Cruises Shipping S.A.” Mr. Theofanis Kiriacoulis mentioned, the company has successfully met the demands of its customers who trust the brand name Kiriacoulis throughout the world especially this season where the Olympics Games were held in Greece. 29% of the company’s customer base comes from Germany, 11% from Italy, 9% from Great Britain, 9% from France, 8% from Holland, 7% from Austria, 5% from Scandinavian countries, 3% from Czech Republic, 2% from Switzerland, 2% from Belgium and 1% from the U.S.A. and Australia. 12% of its customer base comes from other countries in the world whereas 3% from Greece. The fleet the Group manages amounted this year to 400 yachts and it will further expand as the Group has already ordered new yachts for 2005.
Kiriacoulis Group is the only Greek Group of international standing which ranks in the third place in the yachting industry worldwide in terms of the number of yachts that manages, the number of service points and the operating profitability.
Kiriacoulis Mediterranean Cruises Shipping S.A in the context of its expansion strategy has created a new service point in Croatia (Biograd) increasing thus its network of service points abroad which now amount to 13.
More precisely, Kiriacoulis Mediterranean Cruises Shipping S.A. operates 7 service points in Italy (Elba, Piombino, Palermo, Portisco, Carloforte, Agropoli, Marsala), 4 in Croatia (Pula, Zadar, Split, Biograd), 1 in France (Bormes les Mimosas) and 1 in Turkey (Marmaris). The company has in Greece 8 service points in Athens, Rhodes, Kos, Paros, Lefkas, Corfu, Skiathos and Kalamata. Moreover, the Group operates charter agencies in Greece, France and Germany and co-operates with more than 450 charter agents forming a worldwide charter network.
Biograd is the centre of the Riviera extending from Petar na Moru to Drage including the islands Pasman and Vrgada. Thanks to its position in the most indented part of the Croatian Adriatic coast the area provides excellent opportunities for nautical tourism. In the close vicinity there are three national parks: Paklenica, Kornati Archipelago and Krka, as well as the Telascica natural park and lake Vransko.
Apart from the cultural and historical heritage, Biograd is also characterised by natural beaches, picturesque bays and various accommodation facilities. The picturesque Pasman channel with a series of small islands protects Biograd from strong winds, which is an advantage for swimmers and yachts.
Athens, September 2nd, 2004
