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Apollo: Losses of €3.7m in first half

21/07/2010 10:26
Apollo Investments announced losses in the first half of the year against profits in 2009. This negative differentiation is attributable to the losses from sale and revaluation of assets against profits last year.

The losses stood at €3.7 million against profits of €715.5 thousand in the corresponding period of 2009. The losses from sale and revaluation of financial assets stood at €3.9 million against profits of €456.1 thousand in 2009.

The income amounted to €265.5 thousand from €210.2 thousand last year, while the dividends receivable fell to €141.6 thousand from €239.1 thousand. This year, the Company recorded exchange profit of €51.5 thousand against losses of €4.2 thousand last year.

The administrative expenses reached €209.6 thousand against €153.5 thousand in the first half of 2009.