VARVARESSOS S.A. EUROPEAN SPINNING MILLS Varvaressos S.A. European Spinning Mills announced earnings results for the six months of 2014. The company turnover during the six month period of 2014 reached EUR 9.20 million compared to EUR 10.61 million in 2013. The company's exports came up to EUR 6.16 million which is 66.98% of the revenues.
Losses before depreciation (EBITDA) have reached EUR 0.843 million contrary to profits EUR 13.72 million during the same period of 2013. Losses after taxes reached EUR 1.61 million compared to profits of EUR 12.72 million in the six month period of 2013.
