Sidma S.A. Announces Group and Parent Earnings Results for the Year 2014
Sidma S.A. announced group and parent earnings results for the year 2014. At Group level, the turnover stood at 101 million, increased by 2% in relation to that of 2013 although the average selling prices in 2014 fell by 5.6% in relation to those of 2013. An improvement of the Group's earnings before interest, taxes, depreciation and amortisation (EBITDA) by 1.2 million, namely from losses of 0.32 million in 2013 to profits of 0.9 million in 2014. Finally, the Group's pre-tax results amounted to losses of 8.2 million in relation to losses of 10 million in 2013, also registering an 18% improvement, without taking into account the negative adjustments of the Group's fixed assets.
At Parent company level, the turnover of SIDMA rose by 2% at 56 million from 55 million in 2013. Earnings before interest, taxes, depreciation and amortisation (EBITDA) rose by 147% in relation to 2013, amounting to 623,000 from 252,000 while pre-tax results were improved by 20%, in other words from losses of 8.0 million in the previous year they amounted to losses of 6.4 million in 2014, without taking into account the negative adjustments of the Parent company's fixed assets.