Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012
August 10, 2012
Share
Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream reported consolidated earnings results for the second quarter and six months ended June 30, 2012. For the quarter, the company's turnover was EUR 4,000,256.54 compared with EUR 4,534,437.56 a year ago. Profits before taxes were EUR 339,235.13 compared with EUR 462,185.24 a year ago. Profits after taxes were EUR 255,506.07 compared with EUR 333,312.39 a year ago. Profit attributed to company shareholders was EUR 255,506.07 or EUR 0.0341 per share compared with EUR 333,312.39 or EUR 0.0444 per share a year ago.
For the six months, the company's turnover was EUR 7,945,891.27 compared with EUR 8,557,915.95 a year ago. Profits before taxes were EUR 615,873.45 compared with EUR 801,028.33 a year ago. Profits after taxes were EUR 472,873.45 compared with EUR 608,963.46 a year ago. Profit attributed to company shareholders was EUR 472,816.73 or EUR 0.0630 per share compared with EUR 608,963.46 or EUR 0.0812 per share a year ago. Total inflow form operating activities was EUR 1,799,019.30 against EUR 662,327.88 a year ago. EBITDA was EUR 0.733 million compared with EUR 0.950 million a year ago. Return on equity was 8% against 10% a year ago.
Stelios Kanakis SA is a Greece-based company that imports and distributes raw materials for confectionery, bakery and ice cream products. The Companyâs product range includes margarine; butter; vegetable fat and creams; fresh cooking creams; fruit purees, fillings and glazes; jellies; confectionery and bakery improvers; mousses; dark chocolate; chocolate imitations, sticks and drops; pralines; truffles; almond and coconut pastes; Confectionery fondant and jams; sugar products; Pasteurized egg yolk; concentrated liqueurs; decoration products, such as cups and plates; bakery mixes, flavors and sweet fillings; ice cream pastes, toppings, bases, emulsifiers, stabilizers and ready-to-use powders; fruits in syrup; bread toppings; moulds for baking and mixes for salty preparations. It distributes its products through its own distribution network and via 99 representatives, 52 of which are in Attiki, 21 in Macedonia and 26 in the islands and the rest of Greece.
Stelios Kanakis Industrial and Commercial SA,Raw materials for Confectionery,Bakery and Ice cream Reports Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2012