PRESS RELEASE
Sarantis Group announces the adjusted guidance for the period 2007-2009, due to the change incurred by applying the joint control method of consolidating the Κ.THEODORIDIS S.A. financial statements.
The following table presents the adjusted financial highlights for 2007-2009:
It should be noted that the Group is not revising its forecasts for 2007 - 2009, but presents its estimates in the table above according to the IFRS 31 on the joint control method of consolidation.
Based on this method, the Group consolidates the financial statements of Κ.THEODORIDIS S.A., in proportion to the participation of SARANTIS Group to the company across all P&L lines, without taking into account the minorities, thus arriving at Net Earnings that are equal to the Income incurred by applying the full consolidation method.
For further assistance, please, do not hesitate to contact the Group’s IRM, Ms. Eleni Pappa, at +30 210 61 73 065 or email at epappa@sarantis.gr. Alternatively, more information can be found on the company’s site: http://ir.sarantis.gr.
Contact
SARANTIS Group
26, Amaroussiou - Halandriou Street
151 25 Maroussi, Athens, Greece
Tel: +30 210 6173000
Fax: +30 210 6197081
e-mail: group-info@sarantisgroup.com
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