A result of its improved efficiency and its main financial figures, is the 50.01 percent increase of the ratio “Earnings per share after tax” reaching 0,29 per share.
Moreover, the ratio “P/E after tax” was estimated at 8.66 while the "Price to book value" ratio (P/BV) amounted to 0.41.
Profit before tax, interest and depreciation (EBITDA) of the parent company amounted to € 9.02 mln, improved by 21.59 percent, profit before tax amounted to € 4.54 mln, improved by 39.58 percent and finally profit after tax amounted to € 3.40 mln, improved by 68.43 percent.
Parent company turnover amounted to € 59.56 mln, decreased by 12.10 percent. Exports contribute more than 75 percent to total turnover.
Under the present circumstances, prospects for the fourth quarter of the current year remain positive.
The management of Hellenic Fabrics SA estimates that profit before tax for 2005 will present an increase similar to the one of the nine-month period and will outperform the initial forecasts for the fiscal period of 2005.
Greece based indigo denim fabric maker Hellenic Fabrics produces a wide variety of denim fabrics, differing mainly in technical characteristics such as weight, yarn type, colour, texture etc.
The Company during the last years also expanded in the production of fabrics with other fibres (natural and synthetic) besides cotton.
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