The financial results of the listed on Athens Exchange company «Kiriacoulis Mediterranean Cruises Shipping S.A.» and its Group concerning the period January – September 2007 have increased as compared to the same period last year.
More precisely, turnover of Kiriacoulis Group for this nine month period grew by 15.41% as compared to the same period last year reaching 19.33 million euro from 16.74 million euro. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the Group for this nine month period increased by 6.77% and amounted to 3.83 million euro from 3.59 million euro for the same period of 2006. Profit after taxes attributable to shareholders of the listed company is higher by 12.14%. For this nine month period it reached 1.63 million euro from 1.45 million euro for the same period of 2006.
Turnover of «Kiriacoulis Mediterranean Cruises Shipping S.A.» for the period January – September 2007 increased by 1.66% and totalled 7.2 million euro from 7.09 million euro for the corresponding period of 2006. Earnings before interest, taxes, depreciation and amortisation (EBITDA) of the company grew by 13.35% reaching 3.77 million euro from 3.33 million euro for the same period last year. Profit after taxes increased by 5.27% and amounted to 1.82 million euro from 1.73 million euro for the nine month period of 2006.
Kiriacoulis Group ranks among the most powerful groups worldwide in the sea tourism industry. With a view to further strengthening its position in the sea tourism field, the Group is active in the Marina industry by participating in Marina management companies. More precisely, it is engaged in Marina management since 1995 by participating in the share capital of the companies «Gouvia Marina S.A.», «Lefkas Marina S.A.», «Marina Kalamatas Tourism S.A.», «Zea Marina S.A.» and «K&G Mediterranean Marinas Management S.A.». The total berth capacity of the above marinas amounts to 2.590 yachts. According to the most recent data, Gouvia marina in Corfu ranks first among all the operating marinas in Greece in terms of the number of berths (1.050), while Zea marina (670) and Lefkas marina (620) are found among the first six marinas.
Athens, 28 November 2007
