CPL CONCORDIA Consolidated financial statements 2010

The financial statements for the year closed at 31/12/2010 show a Profit, net of taxes for the year and ordinary and extraordinary provisions, of EUR 13.357.606.

We consider these results to be extremely positive, not only because they exceed expectations, but especially because they were achieved in a macroeconomic environment of evident stagnation affecting the national economy in particular.

Production achieved during the fiscal year amounts to 330,620,265 euros, which represents an increase of 18.9% over the previous fiscal year. Total assets were 416,490,287 euros, net assets amounted to 123,914,901 euros, funds totaled 2,602,226 euros, the provisions for severance indemnity totaled 4,761,755 euros, and the total payables, accrued liabilities and deferred income amounted to 285,211,405 euros.

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