Space Hellas S.A. Reports Group and Parent Earnings Results for the Year 2014
March 30, 2015 at 07:57 pm EDT
Space Hellas S.A. reported group and parent earnings results for the year 2014. For the year, on group basis, the company recorded an 5.1% increase in consolidated revenues in 2014 and amounted to 43.1 million compared to 41 million in 2013. EBITDA was 4.1 million in 2014 versus 4 million in 2013. Earnings before taxes declined to 416,000 versus 689,000 in 2013. Earnings after taxes increased to 749,000 in 2014 versus 31,000 in 2013. Net debt was 15 million in 2014 compared to 19.2 million in 2013 decreased by 4.2 million. Net operating cash flows were 4 million is recorded, which channeled to debt reduction but primarily to cash and cash equivalent increase.
For the year, on parent basis, the turnover amounted to 40.9 million in 2014 compared to 38.7 million in 2013, while EBITDA reached 4.1 million in 2014 compared to 3.5 million in 2013. Finally, profit before taxes for the parent company reached 1,963,000 in 2014 compared to 161,000 in 2013 while the corresponding profit after taxes in 2014 amounted to 2,444,000 compared to loss after taxes of 359,000 in 2013.