Sarantis FY net rose 40 pct to 31.92 mln eur on developed markets, beat forecast (GR.Sarantis)

Date : 03/11/2008 @ 4:20AM
Source : TFN
Stock : GR.Sarantis (SAR)
Quote : 8.85  -0.04 (-0.45%) @ 5:00PM
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Sarantis FY net rose 40 pct to 31.92 mln eur on developed markets, beat forecast (GR.Sarantis)

        ATHENS (Thomson Financial) - Greece's cosmetics and goods wholesaler
Sarantis full year 2007 net profits grew 40 pct year on year to 31.92 mln eur,
on account of strong sales from its developed markets, beating forecasts. 
    A Thomson Financial News analysts consensus poll saw net profits hitting a
median forecast of 28.5 mln eur and falling between a range of 24.1-30.6 mln
eur.
    Sales posted a 12.2 pct increase from 2006 and came in at 241.6 mln eur
which was at the lower end of the forecast range, that saw sales falling in
between 241-249.7 mln eur.
    EBITDA rose to 37.5 mln eur, posting a 14 pct increase year on year, which
was in line with expectations.
    Source: Euro2day.gr Newswire 
cheryl.novak@thomson.com
cn/kf1

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