Telia: Interim Management Statement
17/5/2010 10:25
At the meeting held on May 14, 2010, the Board of Directors of Telia Aqua Marine Public Ltd examined and approved the Interim Management Statement, pursuant to the provisions of the Transparency Requirements Law 2007.
The fishing at the Liopetri fish culture unit continues normally, while the fishing at the new Vassiliko unit will be on a completed basis in the second half of 2010.
The Group’s sales for the period 1/1/2010 – 30/4/2010 stand at €1,567,025 compared to €2,244,576 in 2009. The lower sales in the first four months of the year is attributable to the Company’s tactic to avoid sales in periods when prices are low and sales will be substituted in summer when prices increase due to the increased demand. It is expected that the annual sales will not drop significantly compared to 2009.
In March 2010, our Company received a vessel of €113,180.00 for the needs of the fish culture unit at Liopetri in replacement of an old one of platform type. This purchase will contribute to a better fishing with more loads and a subsequent higher profitability.
During the period covered by the second Interim Management Statement, there were no profits or losses from non-recurrent activities that do not fall under the Companies’ activities.
Finally, it is noted that the main risks and uncertainties that the companies are exposed to are those described in the audited financial statements for 2009.
The fishing at the Liopetri fish culture unit continues normally, while the fishing at the new Vassiliko unit will be on a completed basis in the second half of 2010.
The Group’s sales for the period 1/1/2010 – 30/4/2010 stand at €1,567,025 compared to €2,244,576 in 2009. The lower sales in the first four months of the year is attributable to the Company’s tactic to avoid sales in periods when prices are low and sales will be substituted in summer when prices increase due to the increased demand. It is expected that the annual sales will not drop significantly compared to 2009.
In March 2010, our Company received a vessel of €113,180.00 for the needs of the fish culture unit at Liopetri in replacement of an old one of platform type. This purchase will contribute to a better fishing with more loads and a subsequent higher profitability.
During the period covered by the second Interim Management Statement, there were no profits or losses from non-recurrent activities that do not fall under the Companies’ activities.
Finally, it is noted that the main risks and uncertainties that the companies are exposed to are those described in the audited financial statements for 2009.
