EYDAP says pre-tax profits up 66.5 pct in H1

Athens Water Supply and Sewerage Company (EYDAP) on Friday reported a spectacular increase in its pre-tax profits to 20.3 million euros in the first half of 2017, from 12.2 million in the same period last year, an increase of 66.5 pct.

After tax earnings totaled 11.9 million euros, up 62.4 pct over the same period, while turnover eased 17 pct to 151.8 million euros from 154.4 million in 2016.

EBITDA dropped 32.7 pct to 29 million euros in the January-June period, hit by an increase in provisions by 11.2 million euros. For the same reason, EBIT fell to 10.4 million euros from 23.9 million euros in 2016.