MITERA S.A. : Steady increase of the turnover and the net profits during the first 9-month period of 2007.

MITERA S.A.: Steady increase of the turnover and the net profits during the first 9-month period of 2007

The  Company of «MITERA PRIVATE GENERAL, OBSTETRICS, GYNAECOLOGY & and PEDIATRIC CLINIC S.A.», announced that the results according to the IFRS of MITERA-LITO after the first nine months of partnership of the two nursing organizations indicate progress.
In particular, the consolidated turnover of MITERA and LITO for the nine-month period of 2007,  amounted to 70.3 million Euros, elevated by 9% compared to  the same period of the last year, the functional profits (EBITDA) on the Group level marked a 1% rise reaching 17.2 million euros, while the Post Tax Profits & of the Minority Rights reached 11.75 m. Euros, marking a rise of 13% compared to the same period in 2006.

On the company level, according to the IFRS the turnover of MITERA for the nine-month period of 2007 amounted to 56.5 m. euros with a rise of 13.1%, the functional profits (EBITDA) amounted to 14.7 m. euros with a rise of 7.3% compared to the same period of the last year and the Post Tax Profits rose by some 20% compared to the same period of 2006.
Commenting on the results, the Chairman of the MITERA Board of Directors, Mr. Konstantinos Stavrou, declared:
«The financial results of MITERA-LITO after the first nine-month period of partnership of the two nursing organizations indicate significant progress concerning profit making and return on capital placing the Group in the top places among companies of the private sector in Greece.

In the future we are expecting even more progress of our economic fundamentals and improvement of the services provided through the creation of new departments in the Pediatrics Clinic, investments to cutting-edge medical equipment, upgrading of our infrastructure and the synergies that will occur as a result of the partnership with «D.T.C.A. HYGEIA S.A.», which is currently being finalized with the Share Capital Increase of «D.T.C.A. HYGEIA S.A.» with contribution of the shares of «MITERA S.A.».
COMMUNICATIONS DEPARTMENT
MITERA S.A.
TEL: 210 68 69 653- 46