Hellenic Mills (Greece) expected to show slight recovery

Like all other Denim Mills that have been affected by the slowdown in the denim sales and reduced prices, Hellenic Mills also experienced reduced financials in the year 2006(as compared to 2005). However, it is expected that the first quarter of 2007 is going to show little improved results signalling an improvement in the Denim Fabric market.
The comparison of the years 2005 and 2006 will show that almost on all parameters, the performance in the year 2006 was poorer than in 2005.

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HELLENIC MILLS FINANCIALS      
, 2006 2005  
Turnover 84.17 88.21 (Million Euros)
PBT(profit before tax) 0.21 7.34 (Million Euros)
Net Profit 0.11 5.02 (Million Euros)
EPS 0.01 0.38 Euros
  1. Hi
    May I add here that in Pakistan an OEKO-TEX Standard 100 and ISO 9001:2000 certified Company manufacture high quality Denim in their Plant comprised of Rotal and Benninger warpings, Master and Sucker Muller slasher Indigo Dyeing/sizing, GMC Rope dyeing, Sulzer’s reinforced latest model looms, Tsudakoma hi-speed Airjet Looms, Monfort finishing ranges, Computerized Inspection Machines adhering to international quality standards with company’s own generating Power House Facility, all under one roof.

    They manufacture 24 million linear meters and their exports are worth US$ 50,000/month mostly to their regular clients in USA, UK, Turkey, Egypt, Morocco, Kenya, South Africa, Dubai, Bangladesh, Sri Lanka and Hong Kong.

    Please visit http://www.technosoma.com/Denim_Fabric/page_1800552.html to view more details and pictures of various qualities.

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