Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012
March 26, 2013
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Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream announced unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2012. For the quarter, the company reported total sales of EUR 5,000,359.11 against EUR 4,907,733.82 a year ago. Earnings before taxes, financing and investing results (EBIT) were EUR 534,912.63 against EUR 341,428.11 a year ago. Profit before tax was EUR 548,668.29 against EUR 320,068.11 a year ago. Profit attributable to owners of the parent was EUR 422,341.36 against EUR 103,648.27 a year ago. Earnings before taxes, financing and investing results and depreciation - amortisation (EBITDA) were EUR 583,343.83 against EUR 398,876.40 a year ago. Basic earnings net of tax per share were EUR 0.0563 against EUR 0.0138 a year ago.
For the year, the company reported total sales of EUR 17,101,568.24 against EUR 17,933,659.93 a year ago. Earnings before taxes, financing and investing results (EBIT) were EUR 1,377,444.90 against EUR 1,486,119.00 a year ago. Profit before tax was EUR 1,375,386.91 against EUR 1,400,533.58 a year ago. Profit attributable to owners of the parent was EUR 1,054,964.62 against EUR 906,161.44 a year ago. Earnings before taxes, financing and investing results and depreciation - amortisation (EBITDA) were EUR 1,578,380.32 against EUR 1,716,290.88 a year ago. Basic earnings net of tax per share were EUR 0.1407 against EUR 0.1208 a year ago. Net cash generated from operating activities were EUR 3,078,571.64 against EUR 438,197.15 a year ago. Purchases of property, plant and equipment and of intangible assets were EUR 70,894.74 against EUR 113,836.44 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 Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2012