The amount of 407,000 euros was consolidated turnover TEXAPRET the first quarter of 2013 compared with 759,000 euros in the first;; quarter of 2012.
The consolidated loss before tax amounted to 256,000 euros from 345,000 euros in the first;; quarter of 2012. The consolidated loss after tax amounted to 256,000 euros from 345,000 euros in the first;; quarter of 2012. Earnings before interest, tax and depreciation (EBITDA) was negative in the amount of 134,000 euro also negative amount of 159,000 euros in the first;; quarter of 2012.
According to the announcement, the decrease in turnover is due to the reduction of tenders opened by the public and broader public sector and other private sector due to the lack of liquidity and uncertainty affecting the market.
In connection with the company’s outlook for 2013 by the administration taking into consideration this very difficult economic situation of the country, the administration is trying to expand its business mainly abroad, but also maintain them as long as possible inside. Made serious efforts and develop systematic initiatives for the company’s participation in undertaking projects abroad, in cooperation with major local companies mainly in the Persian Gulf but also in countries such as Azerbaijan, Kurdistan and Brazil. These projects are expected to reach more than 50% of total turnover. Direct consequence of the influx of revenue from this activity will be a substantial improvement in cash flow of the company.
It has also become turning in the Merchant Marine. The company was started with activities relating to merchant ship from the day of its foundation, but the course gave weight to works of land. Plus returns covering fees and maintenance of telecommunication equipment and navigation equipment that is expected to provide an aid in the company’s liquidity.
kathimerini.gr
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