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MAI: Increase of 3% in 6-month profits

23/07/2010 09:06
The net profits attributable to shareholders of Muskita Aluminium Industries stood at €3.3 million in the first half of 2010 against €3.2 million in the corresponding period of 2009 (+3.4%).

The Company’s turnover stood at €23.7 million from €23.5 million last year, while the cost of sales increased slightly to €17.2 million from €17.1 million.

The net finance income fell to €260.9 thousand from €304.2 thousand in the first half of 2009.

The selling and distribution expenses dropped to €1.8 million from €1.9 million and the administrative expenses remained at the same level as last year (€1.3 million).

As for its prospects, the Board of Directors expects that the profitability will be slightly lower than that of 2010.