Greek glassware trader Yalco ended the 1Q of 2005 with a pre-tax profit of EUR 257,000 (USD 313,000) compared to EUR 525,000 (USD 639,000) for the same period of 2004.
The company“s sales fell to EU…
Greek glassware trader Yalco ended the 1Q of 2005 with a pre-tax profit of EUR 257,000 (USD 313,000) compared to EUR 525,000 (USD 639,000) for the same period of 2004. The company“s sales fell to EUR 8.98 million (USD 11 million) compared to EUR 9.74 million (USD 11.9 million). Yalco ended the 1Q 2005 with a consolidated pre-tax loss of EUR 66,000 (USD 81,000) compared to EUR 403,000 (USD 490,000). Consolidated sales went down to EUR 10.32 million (USD 12.5 million) versus EUR 10.85 million (USD 13.2 million). The fall in sales in 2005 is due to lower consumer demand in the Greek market. However, the company forecasts closing 2005 with sales of over EUR 39 million (USD 47.5 million), flat on 2004. (Unless otherwise stated, all figures/comparisons are for 1Q 2005/1Q 2004.)