Orapi reported earnings results for the year ended December 31, 2012. For the year, the company has posted turnover of 171.73 million, an increase of 40.5% compared to 2011. This is attributable primarily to the purchase of Argos Hygiene in May 2012.
Operating profit, like the COP, grew by 30% to 5.2 million. Net group, share income is 2.1 million, an increase of 64% compared to 2011. This substantial increase raised earnings per share to 0.71 against 0.45 a year ago.
EBITDA was 10.74 million against 7.47 million a year ago. As expected, the company's financial position is temporarily affected by the acquisition of Argos Hygiene, with a net debt of 38.4 million with 38.9 million in equity and 5.8 million in gross cash.