KIRIACOULIS ON AN UPWARD TREND
The financial results of Kiriacoulis Mediterranean Cruises Shipping S.A. will continue on an upward trend in 2003.
Although it is an adverse year for many tourist companies, Kiriacoulis Mediterranean Cruises Shipping S.A. has posted a significant increase in its financial results, whereas at the same time it implements its investment projects, mainly focused on marinas.
More precisely, profit before taxes for the period January – September 2003 increased by 5,44%, whereas turnover grew by 16,73% as compared to the same period last year. Profit before taxes for the period January – September 2003 reached € 2.793.627,13 from € 2.649.423,72 last year, whereas turnover totalled € 6.941.216,85 from € 5.946.282,85 in the same period of 2002.
The group’s results followed the same pattern as well. Profit before taxes for the period January – September 2003 increased by 6,96%, whereas turnover grew by 7,24% as compared to the same period last year. Profit before taxes amounted to € 3.060.197,68 from € 2.861.084,66 last year, whereas turnover totalled € 14.924.034,85 from € 13.916.154,05 in the same period of 2002.
Within the period September-November 2003 the company’s management has successfully made 3 presentations to investors. These presentations were held at the company’s offices, the premises of the Hellenic Offshore Racing Club and the Hellenic-German Chamber of Commerce and Industry and dealt with the activities, financial figures and investment projects of the company and its group.
Athens, December 8th, 2003
