VARVARESSOS S.A. EUROPEAN SPINNING MILLS Varvaressos S.A. European Spinning Mills reported earnings results for the nine months of 2014. For the period, the company reported turnover reached EUR 12.42 million compared to EUR 14.33 million in 2013. The company's exports came up to EUR 8.33 million which is 67.04% of the revenues.
Losses before depreciation (EBITDA) have reached EUR 1.30 million contrary to profits of EUR 11.70 million during the same period of 2013. Losses after taxes reached EUR 2.27 million compared to profits EUR 10.22 million in the nine month period of 2013.
