Greek glassware importer Yalco made a consolidated pre-tax profit of EUR 613,000 (USD 726,000) for the 1Q of 2004, compared to EUR 397,500 (USD 471,000) for the 1Q 2003.
Yalco“s consolidated sales r…
Greek glassware importer Yalco made a consolidated pre-tax profit of EUR 613,000 (USD 726,000) for the 1Q of 2004, compared to EUR 397,500 (USD 471,000) for the 1Q 2003. Yalco“s consolidated sales rose to EUR 10.86 million (USD 12.9 million) for the 1Q 2004 versus EUR 9.89 million (USD 11.7 million) for the year-ago quarter. The group“s parent company Yalco reported a pre-tax profit of EUR 713,000 (USD 845,000) against EUR 665,000 (USD 788,000). The company“s sales totalled EUR 9.74 million (USD 11.5 million) from EUR 9.26 million (USD 11 million). Yalco, which has operated in Greece since 1972, forecasts pre-tax profit for 2004 of EUR 3.3 million (USD 4.0 million), versus EUR 2.9 million (USD 3.4 million) for 2003. It expects turnover to grow to EUR 42.5 million (USD 50.3 million) by end-2004 compared to EUR 38.8 million (USD 46 million) for 2003. Yalco imports and exports glassware and home utilities, and distributes tableware, houseware, small electrical appliances and catering supplies on the domestic market. It also represents a large number of European, U.S. and Asian factories. In the field of importing and glassware trading, Yalco co-operates with trading houses from Europe, the United States and Japan. The company started trading on the Parallel Market of the Athens Stock Exchange in November 1995. The Costandinou family is the main Yalco shareholder. (Note: Unless otherwise stated, all figures are for the 1Q of 2004, compared to the same period of 2003.)