Thrace Plastics Holding and Commercial Societe Anonyme Announces Consolidated Financial Results for the Year of 2017; Provides Financial Guidance for the Fiscal Year of 2018
April 18, 2018
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Thrace Plastics Holding and Commercial Societe Anonyme announced consolidated financial results for the year of 2017. For the year, the company reported revenue of EUR 318,509,000 against EUR 291,900,000 for the same period a year ago. EBIT was EUR 17,179,000 against EUR 22,905,000 for the same period a year ago. EBITDA was EUR 30,130,000 against EUR 35,160,000 for the same period a year ago. EBT was EUR 13,834,000 against EUR 18,327,000 for the same period a year ago. Total EAT was EUR 10,809,000 against EUR 13,659,000 for the same period a year ago. Earnings per share were EUR 0.2412 per share against EUR 0.3040 per share for the same period a year ago.
For the fiscal year of 2018, the group's Management estimates that there will be an increase in the sales volume and turnover, and it also expects an improvement in the profitability of the group.
Thrace Plastics Holding and Commercial Societe Anonyme, formerly Thrace Plastics Co SA, is a Greece-based company engaged in the production and trade of plastic products, textiles and packaging materials. The Company's range of products are divided into three categories: Technical Fabrics & Fibers, which includes such products as woven and non-woven geotextiles, ground covers, crop covers, nets, roofing membranes, staple fibers, concrete reinforcement fibers, geogrids, Mega bag components and carpet and industrial yarns; Consumer Packaging, which offers plastic containers and lids, cups, tubs, bottles, bags for liquid packaging, as well as plastic packaging for food products, and Industrial Packaging, which includes ropes and twines, big bags, films, woven polypropylene bags, bags for heavy duty, pallet covers, and stretch hoods. The Company operates through its local and international subsidiaries.
Thrace Plastics Holding and Commercial Societe Anonyme Announces Consolidated Financial Results for the Year of 2017; Provides Financial Guidance for the Fiscal Year of 2018