Sidma S.A. Reports Consolidated and Company Earnings Results for the First Half of 2015
For the period, at company level, in the first half of the year the turnover amounted to EUR 29.2 million from EUR 30.3 million, registering a 3.6% drop; together with agency sales, it amounted to EUR 44.6 million from EUR 44.8 million in the respective period of 2014. Earnings before interest, taxes, depreciation and amortization amounted to profits of EUR 750,000 from EUR 203,000 in the respective last-year period while pre-tax results were improved by 31% or EUR 0.9 million compared to the respective last-year period and equaled losses of EUR 2.0 million. The improvement of both operating and pre-tax results is mainly the outcome of the further decrease of operating and administrative expenses by 16% or approximately EUR 0.7 million.