Profits of 6 million euros recorded in the six months of 2010 K. Athienitis Contractors and expects even greater gains by the end of the year as secured property sales value 16ek . million on projects under implementation. The corresponding period last year their profits were at 2 million euro.
However, the company’s turnover fell to 3.6 million EUR 8.5 million euros recording a reduction of 58%. The reduction is due to the fact that during the first half of 2010 there was traditionally an important project for the Group.
The Group signed a long term rental on several ongoing construction projects with a total annual rent receivable during the first year of renting to amount to € 1,8 million.
The Group expects results for the full year will be increased compared with 2009.
K. Athienitis Contractors: Profits
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