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Intereuropa Posts EUR 7.1M Half-Year Profit

Koper, 27 August (STA) - Logistics group Intereuropa generated EUR 91.6m in net sales revenues in the first half of 2010, which is 2% less than in the same period last year. The net profit for the period stood at EUR 7.1m, the core company said in a press release on Friday.

The best result was posted in the land transport division, which accounted for 61% of the revenues and generated a 10% growth compared to the first half of 2009.

Earnings before interest, taxes, depreciation and amortisation (EBITDA) at the group level stood at EUR 13.6m, which is 16% more than planned. Operating profit in the first six months more than doubled compared to a year before to EUR 6.3m.

Sales revenues of the core company were at EUR 46.9m, while operating profit reached EUR 4.1m and exceeded the plans. This was largely due to a profit from sale of real estate, according to Intereuropa.

The company's net profit in the January-June period stood at EUR 700,000.

The group realised 16% of the annual investment plan in the first half of the year, with investments into fixed assets standing at EUR 1.4m.

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