Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013
August 26, 2013
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Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream announced consolidated earnings results for the second quarter and six months ended June 30, 2013. For the quarter, the company reported turnover of EUR 4,201,243.47 against EUR 4,000,256.54 a year ago. Earnings before taxes, financing and investing results (EBIT) were EUR 566,077.56 against EUR 349,178.57 a year ago. Profit before tax was EUR 570,232.88 against EUR 339,235.13 a year ago. Profit attributable to company shareholders was EUR 405,255.37 against EUR 255,506.07 year ago. Earnings before taxes, financing and investing results and depreciation - amortisation (EBITDA) were EUR 612,373.83 against EUR 399,288.67 a year ago. Profits after taxes per share in total earnings were EUR 0.044 against EUR 0.034 a year ago.
For the six months, the company reported turnover of EUR 7,941,511.44 against EUR 7,945,891.27 a year ago. Earnings before taxes, financing and investing results (EBIT) were EUR 836,872.12 against EUR 628,786.31 a year ago. Profit before tax was EUR 854,672.26 against EUR 615,873.45 a year ago. Profit attributable to company shareholders was EUR 567,872.08 against EUR 472,816.73 year ago. Earnings before taxes, financing and investing results and depreciation - amortisation (EBITDA) were EUR 932,133.58 against EUR 733,401.17 a year ago. Profits after taxes per share in total earnings were EUR 0.066 against EUR 0.063 a year ago. Net cash generated from operating activities were EUR 966,335.76 against EUR 1,799,019.30 a year ago. Purchases of property, plant and equipment and of intangible assets were EUR 9,531.10 against EUR 35,450.45 a year ago.
Stelios Kanakis SA is a Greece-based company that imports and distributes raw materials for confectionery, bakery and ice cream products. The Companyâs product range includes margarine; butter; vegetable fat and creams; fresh cooking creams; fruit purees, fillings and glazes; jellies; confectionery and bakery improvers; mousses; dark chocolate; chocolate imitations, sticks and drops; pralines; truffles; almond and coconut pastes; Confectionery fondant and jams; sugar products; Pasteurized egg yolk; concentrated liqueurs; decoration products, such as cups and plates; bakery mixes, flavors and sweet fillings; ice cream pastes, toppings, bases, emulsifiers, stabilizers and ready-to-use powders; fruits in syrup; bread toppings; moulds for baking and mixes for salty preparations. It distributes its products through its own distribution network and via 99 representatives, 52 of which are in Attiki, 21 in Macedonia and 26 in the islands and the rest of Greece.
Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream Announces Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2013