Thrakika Ekkokistiria S.A.

Thrakika Cotton Ginning Mills / Financial Information


THRAKIKA EKKOKISTIRIA S.A. from the mid 80's and onwards  enjoyed significant growth and profitability. During all these years, our company was classified among the most profitable companies in Northern Greece and among the most profitable companies of this sector in Greece.

During the last years, all ginning mills in Greece faced financial problems, for two main reasons. On the one hand because of the big competition, as a result of the increase of the ginning mills number and on the other hand from the simultaneous reduction of the cotton production.

However the company achieved to maintain a healthy financial status and appreciable profitability. This constitutes the base for its new developmental course.

The financial results of two last years (1 July - 30 June) in Euros are:

2011

2010

      %

Fixed assets

5,451,936

5,555,295

-2

Current assets

6,980,041

2,109,543

231

Total assets

12,531,318

7,799,717

61

Owners equity

7,131,355

6,769,050

5

Bank long-term liabilities

0

0

 

Total long-term liabilities

0

0


Bank sort-term liabilities

4,704,014

0


Total sort-term liabilities

5,831,466

1,026,677

468

Total liabilities

5,831,466

1,026,677

468

Sales

13,884,811

8,120,938

71

Gross profit

1,546,108

1,658,949

-7

Administrative expenses

287,748

257,820

12

Selling expenses

267,525

268779

0

Interest charges

205,107

222,530

-8

Depreciation

182,716

178,306

2

Net income before tax

612,196

1,133,461

-46

Gross Profit Margin

11,1

20,4


Net Profit Margin

4,4

14,0


Liquitity

1,2

2,1




Financial Statements

Financial Statement 30 June 2015 (Greek, PDF)

Financial Statement 30 June 2014 (Greek, PDF)

Financial Statement 30 June 2013 (Greek, PDF)

Financial Statement 30 June 2012 (Greek, PDF)



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