HomeINFO CENTERNewsPress Release Regarding First Half 2017 GROUP Financial Result

14-09-2017

Press Release Regarding First Half 2017 GROUP Financial Result

Thursday, 14th September, 2017


Halcor and its subsidiaries have announced their Η1 2017 consolidated financial results according to the International Financial Reporting Standards (IFRS).
Consolidated revenue from continued operations reached Euro 465.3 mil. in the first half of 2017 versus Euro 353.6 mil. in the respective period of 2016, increased by 31.6%. The increase in the revenue is attributable to the increase of sales volume by 14% as well as the uptrend of the average prices of metals. More specifically, the average price of copper was higher by 26.1% in the first half of 2017 (Euro 5,312 per ton versus Euro 4,213 per ton for the first half of 2016), and the price of zinc stood at an average of 54.3% higher (Euro 2,486 per ton vs. Euro 1,611 per ton in H1’16). Consolidated results before interest, tax, depreciation and amortization from continued operations (EBITDA) reached in H1’17 a profit of Euro 32.5 mil. versus a profit of Euro 16.2 mil. in H1’16. Consolidated results before tax and interest from continued operations (EBIT) accumulated for H1’17 to profit of Euro 24.5 mil. versus Euro 8.5 mil. H1’16. Consolidated earnings before taxes from continued operations (EBT) amounted for the first half of 2017 to a profit of Euro 10.3 mil. compared to profit of Euro 0.1 mil. in H1’16. Finally, the results after tax and minority interests from continued operations amounted to a profit of Euro 6.8 mil. or Euro 0.0672 per share, compared to profit of Euro 0.7 mil. or Euro 0.0067 per share in H1’16.

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