ELGEKA S.A. ELGEKA Group announced consolidated earnings results for the six months ended June 30, 2014. In particular, consolidated turnover for the first semester of 2014 amounted to EUR 133.5 million compared to EUR 150.3 million in the comparable period of 2013, a decrease by 11.2%, as a result mainly of the reorganization of the operations of the Group and the disengagement of the loss making activities. Thus, the total earnings before interest, taxes, depreciation and amortization (EBITDA) for the first half 2014 amounted to EUR 5.4 million against EUR 1.1 million during the first half of 2013.
The above resulted in a considerable reduction in losses before tax to EUR 1.5 million versus EUR 4.2 million as well as in losses after tax and non- controlling interest to EUR 1.6 million in 2014 versus EUR 7.1 million in the first semester of 2013.
