N K Shacolas (Holdings) Ltd. operates in retail, distribution and logistics, automotive, telecommunications, real estate and commercial development, and infrastructure industries. It operates department stores, standalone stores, franchise stores, convenience stores, restaurants, coffee shops, and bars in Cyprus and Greece. The company also engages in distribution and logistics of fast moving consumer goods, luxury cosmetics, and fragrances; sale of saloon cars, SUVs and off-roaders, commercial vehicles, heavy machinery, and spare parts; imports and distributes tobacco products; and property development and management of retail outlets, shopping malls, golf courses, cinema halls, resorts, an...
Founded in 1953
Shacolas Group Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2013
May 30 13
Shacolas Group reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported turnover of EUR 71.699 million compared to EUR 85.627 million a year ago. Net profit was EUR 9.060 million compared to net loss of EUR 4.988 million a year ago. Net profit attributable to the shareholders of the company was EUR 3.353 million compared to net loss attributable to the shareholders of the company of EUR 3.350 million a year ago. Basic and fully diluted earnings per share were 3.64 cents compared to basic and diluted loss per share of 3.64 cents a year ago. The decrease in turnover is emanating mainly from the retail and vehicles sectors which are affected the most from the continuing economic crisis.