Elbisco, ABEE

Certain selected Elbisco, ABEE products are traveling to more than 20 international destinations. Having as main “representatives” the brands SOFT KINGS ALLATINI and ELITE CRACKERS MEDITERRANEAN, ELBISCO products give a taste of Greece to the demanding foreign consumers, while reinforcing the company’s worldwide competitive positioning in the sectors of bakery products and biscuits. As to the financial data of Elbisco, ABEE, in the first half of 2011 the turnover amounted to 54.4 million euros from 53.4 million in the corresponding period of 2010, recording a small increase equal to 1.8%. This rise represents the increase in turnover of the subsidiary in Skopje. Earnings before taxes amounted to losses of 2.8 million for the first half of the current year compared with losses of 629 thousand euros in the corresponding period of 2010. The results after tax amounted also to 2.4 million euros loss versus 1.4 million losses in the corresponding period of last year.