Kifissia 30 March 2017

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Commenting on the announcement of financial statements /

 Continues the upward profitable course of the company paperpack SA, according to a published annual financial report for the year 1/1/2016 until 31/12/2016. Particular: the turnover the company unveiled increase at 7,85% and reached 15.247 thous.€ against 14.137 thousand € of previous use. Operating profit (EBITDA) of the company amounted to 2.632 thous.€ against 2.529 thousand € of previous use, showing a rise 4,07%. The results before tax presented increase 5,29% and amounted to profits 1.931 thous.€ against 1.834 thous.€. Earnings after taxes framed in 1.353 thous.€ against 1.244 thous.€, showing a rise 8,75%. The company introduced positive cash flows 1.713 thous. € against 1.650 mm € and the cash the amount to 2.623 thous.€. the Bank lending of the company decreased by 409 thous.€. When you use 2016 implemented investments EUR 525 thous.€ and overall 3.254 thous.€ the three-year period 2014-2016, of which 322 mm € with leasing contracts and 2.932 thous.€ with equity. Finally, the Board of Directors proposed in its annual report to the ordinary general meeting of shareholders, the payment of dividend 0,12 euro per share.   Download here the pdf.