Petros Petropoulos AEBE Reports Earnings Results for the First Quarter Ended March 31, 2017
May 10, 2017
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Petros Petropoulos AEBE reported earnings results for the first quarter ended March 31, 2017. For the quarter, invoiced sales were EUR 16,650,000 against EUR 23,664,000 for the same period prior year. Operating profit was EUR 930,000 against EUR 1,224,000 for the same period prior year. Net financial expenses and Fx loss was EUR 323,000 against loss of EUR 392,000 for the same period prior year. Net profit before income tax was EUR 607,000 against EUR 832,000 for the same period prior year. Net profit after income tax was EUR 340,000 against EUR 619,000 for the same period prior year. Net profit after income tax & minority rights was EUR 340,000 against EUR 619,000 for the same period prior year. Earnings per share were EUR 0.048 against EUR 0.088 for the same period prior year.
Petros Petropoulos SA is a Greece-based company engaged in the manufacture, modification, marketing, distribution, and support of vehicles, automotive machinery, industrial and agricultural equipments, batteries and any similar or related to the above equipment components. It is structured in eight business units: Truck and Bus, Agricultural Equipment, Isuzu, Engines and Boats, Industrial Equipment, Petrogen, PMS and Shell Lubricants. Petros Petropoulos SA represents and distributes the products of such companies as Lombardini, Scania, Kogel, Isuzu, Allison Transmission, Perlini, Perkins, Abbriata, Ingersoll-Rand, McCormick, Exide and Hankook, among others. It also offers technical services for its Petrogen products, through a national network of authorized technicians. It operates through a number subsidiaries, and is present in Cyprus and Bulgaria through, PI Square Holdings Ltd and Petromotor Bulgaria EOOD, respectively. In the end of 2013, it merged by absorption of Petrosys SA.
PETROS PETROPOULOS AEBE 
