The Azkoyen Group achieved a net profit of 1,368 million
pesetas (8.22 million euros) at the end of the second
quarter of this financial year, which represents an increase
of 34.9% compared with the first 6-months of 2000 (1,014
million pesetas).
The consolidated turnover, up until 30 June, was 14,166
million pesetas (85.14 million euros), an improvement
of 11.3% on sales recorded in the same period of time
in the previous year. Exports represent 35.9% of the
Group's total net turnover.
During the first half of this financial year, the greatest
increase in sales was recorded on the domestic market,
where turnover improved by 14.6% compared with the same
period in 2000. In the first half of 2001, the Azkoyen
Group made investments in fixed assets of 636 million
pesetas and R&D expenditure of a total of 537 million
pesetas (3.23 million euros).
The notable increases recorded by the Azkoyen Group
during 2001 show the considerable improvement in profit
margins and also confirm the positive trend being maintained
in the markets due to the forthcoming entry into circulation
of the European currency. On 2 June, Azkoyen's shareholders
received a supplementary dividend of 25 pesetas gross
per share, after the corresponding agreement approved
at the General Meeting.
|
