Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream Announces Unaudited Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012
November 21, 2012
Share
Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream announced unaudited earnings results for the third quarter and nine months ended September 30, 2012. For the quarter, the company's sales revenue was 4,155,317.86 compared to 4,468,010.16 for the same period in 2011. Earnings before taxes, financing and investing results (EBIT) were 213,745.96 compared to 310,142.55 for the same period in 2011. Profit before taxes were 210,845.17 compared to 279,437.14 for the same period in 2011. Earnings before taxes, financing and investing results and depreciation - amortization (EBITDA) were 261,635.32 compared to 366,916.45 for the same period in 2011. Total comprehensive income net of tax was 159,806.53 compared to 193,549.71 for the same period in 2011. Profit attributable to owners of the parent was 159,806.53 or 0.0213 per basic share compared to 193,549.71 or 0.0258 per basic share for the same period in 2011.
For the nine months, the company's sales revenue was 12,101,209.13 compared to 13,025,926.11 for the same period in 2011. Earnings before taxes, financing and investing results (EBIT) were 842,532.27 compared to 1,144,690.89 for the same period in 2011. Profit before taxes were 826,718.62 compared to 1,080,465.47 for the same period in 2011. Earnings before taxes, financing and investing results and depreciation - amortization (EBITDA) were 995,036.49 compared to 1,317,414.48 for the same period in 2011. Total comprehensive income net of tax was 632,623.26 compared to 802,513.17 for the same period in 2011. Profit attributable to owners of the parent was 632,623.26 or 0.0843 per basic share compared to 802,513.17 or 0.1070 per basic share for the same period in 2011. Net cash generated from operating activities was 2,711,339.67 compared to 264,052.75 for the same period in 2011. Purchases of property, plant and equipment and of intangible assets was 41,585.71 compared to 100,721.11 for the same period in 2011.
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 Earnings Results for the Third Quarter and Nine Months Ended September 30, 2012