Paperpack A.B.E.E. Reports Earnings Results for the Year Ended December 31, 2017
Paperpack A.B.E.E. reported earnings results for the year ended December 31, 2017. For the year, the turnover the company unveiled increase at 2.92% and reached €15,692,000 versus €15,247,000 of the previous year. Operating profit (EBITDA) of the company amounted to €2,761,000 against €2,632,000 of previous use, showing a rise 4.90%. The results before taxes presented increase 4.40% and amounted to profits €2,016,000 against €1,931,000. The earnings after taxes framed in €1,383,000 versus €1,353,000 showing a rise 2.22%. The company introduced positive cash flows €1,324,000 against €1,713,000 and the cash the amount to €3,238,000. The company implements investment plan to modernize the mechanical equipment of €3.5 million approximately.