18/07/2014 14:42
The six-month results of Vassiliko Cement Works are expected to show improvement for 2014.
According to the announcement, the results for the first half of 2014 are expected to show significant improvement and profits against losses in the corresponding period of 2013.
This improvement is mostly attributable to the significant increase in revenues from the export of products as well as the reduction of the production cost.
In 2013, the Company’s losses increased to €11 million against losses of €1.4 million in 2012.
In the six months of 2013 the losses stood at €7.4 million.
In the first quarter of 2014 its profits reached €1.9 million.
The Board of Directors will meet on July 31 to examine the six-month results for 2014.
According to the announcement, the results for the first half of 2014 are expected to show significant improvement and profits against losses in the corresponding period of 2013.
This improvement is mostly attributable to the significant increase in revenues from the export of products as well as the reduction of the production cost.
In 2013, the Company’s losses increased to €11 million against losses of €1.4 million in 2012.
In the six months of 2013 the losses stood at €7.4 million.
In the first quarter of 2014 its profits reached €1.9 million.
The Board of Directors will meet on July 31 to examine the six-month results for 2014.
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