Mitsides Public Company Ltd. reported preliminary unaudited consolidated financial results for the year ended December 31, 2015. The group's turnover in 2015 amounted to 36,691,842 compared to 39,158,843 in 2014, showing a decrease of 6.3%. The decrease was solely due to a decrease in the turnover of the Serbian subsidiary Mitsides Point Doo by 21.7%, which was mainly due to a decrease in the Serbian company's exports.
Loss for the year was 1,653,988, compared to a loss of 2,259,509 in 2014. Loss after tax for was 1,441,499, compared to a loss of 1,992,813 in 2014. Loss before tax was 1,462,523 against 1,993,264 a year ago.
Basic and fully diluted loss per share was 17.58 cents against 24.30 cents a year ago.