Options: Nine-month results 2008
Options Cassoulides Plc announces that at the
meeting held on November 28, 2008 at 11.00 am, the Board of Directors examined
and approved the consolidated results for the period ended September 30, 2008.
The results are attached.
The results will be published in newspapers Machi
and Simerini on Tuesday, December 2, 2008 and Kathimerini on Sunday, December 7, 2008. The results will
not be posted to the shareholders but will be available at the Company’s Head
Office, (24-32 Mich. Paridi, 1041
CONSOLIDATED PROFIT AND LOSS ACCOUNT
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Nine months ended September 30 |
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2008 € |
2007 € |
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Sales |
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30.382.996 |
27.289.056 |
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Cost of sales |
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(21.020.546) |
(19.405.056) |
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__________ |
__________ |
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Gross profit |
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9.362.450 |
7.884.000 |
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Other operating income |
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202.845 |
593.625 |
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Other operating expenses |
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(73.836) |
(76.933) |
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Selling,
distribution and administrative expenses |
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(7.532.808) |
(6.320.337) |
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__________ |
__________ |
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Profit from operations |
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1.958.651 |
2.080.355 |
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Finance income |
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81.672 |
135.885 |
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Finance cost |
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(790.162) |
(692.436) |
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Share of profit of associated companies |
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(2.545) |
39.728 |
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__________ |
__________ |
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Profit before taxation |
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1.247.616 |
1.563.532 |
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Taxation |
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(763.321) |
(139.260) |
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__________ |
__________ |
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Profit for the period |
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484.295 |
1.424.272 |
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========= |
========= |
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Attributable to: |
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Shareholders of holding company |
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295.027 |
1.270.184 |
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Minority interest |
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189.268 |
154.088 |
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__________ |
__________ |
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484.295 |
1.424.272 |
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========= |
========= |
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Earnings per share: |
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Basic and
readjusted (cent) |
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0,64 |
2,73 |
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========= |
========= |
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CONSOLIDATED BALANCE SHEET
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September 30 2008 |
December 31 2007 |
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€ |
€ |
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Assets |
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Non current assets |
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Property, plant and equipment |
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15.984.386 |
16.375.617 |
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Investment property |
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5.179.998 |
5.179.998 |
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Goodwill |
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6.178.581 |
6.247.537 |
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Investments in
associated companies |
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1.179.671 |
1.182.216 |
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Investments
available for sale |
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709.785 |
335.752 |
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Investments held
to maturity |
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170.860 |
170.860 |
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Deferred taxation |
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287.293 |
287.293 |
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___________ |
___________ |
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29.690.574 |
29.779.273 |
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___________ |
___________ |
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Current assets |
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Stock |
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1.353.772 |
1.144.700 |
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Trade and other
debtors |
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14.334.325 |
16.441.243 |
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Tax refundable |
242.869 |
251.458 |
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Cash in hand and
at bank |
3.464.958 |
5.655.129 |
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___________ |
___________ |
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19.395.924 |
23.492.530 |
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___________ |
___________ |
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Total assets |
49.086.498 |
53.271.803 |
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=========== |
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Equity and liabilities |
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Capital and reserves |
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Share capital |
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7.880.308 |
7.919.786 |
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Redenomination of
capital reserve |
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39.478 |
-- |
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Share premium |
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2.335.487 |
2.335.487 |
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Revaluation
reserve |
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430.718 |
366.164 |
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Exchange
difference reserve |
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(743.833) |
(712.916) |
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Interest
consolidation reserve |
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2.964.940 |
2.964.940 |
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Own shares reserve
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(115.556) |
(187.227) |
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Profit and loss
reserve |
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8.044.345 |
7.762.908 |
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___________ |
___________ |
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20.835.887 |
20.449.142 |
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Minority interest |
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1.370.202 |
1.071.954 |
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___________ |
___________ |
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22.206.089 |
21.521.096 |
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___________ |
___________ |
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Non current liabilities |
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Interest bearing
borrowing |
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10.766.857 |
9.533.740 |
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Deferred taxation |
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858.868 |
858.868 |
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___________ |
___________ |
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11.625.275 |
10.392.608 |
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___________ |
___________ |
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Current liabilities |
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Bank overdrafts |
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855.586 |
2.826.140 |
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Trade and other
creditors |
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10.308.215 |
16.429.380 |
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Taxation due |
649.798 |
90.718 |
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Interest bearing
borrowing |
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3.441.085 |
2.011.861 |
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___________ |
___________ |
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15.254.684 |
21.358.099 |
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___________ |
___________ |
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Total liabilities |
26.880.409 |
31.750.707 |
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___________ |
___________ |
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Total equity and liabilities |
49.086.498 |
53.271.803 |
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