	30/06/2018 €	30/06/2017 €
Turnover	19.849.953	17.968.111
Cost of sales	(14.649.457)	(13.985.484)
Gross profit	5.200.496	3.982.627
Administrative expenses	(2.360.327)	(2.144.827)
Sales expenses	(153.569)	(143.157)
Depreciation	(822.549)	(871.245)
	(3.336.445)	(3.159.229)
Profit from operating activities	1.864.051	823.398
Other income	120.636	55.032
Net finance income (costs)	112.776	55.032 (572.400)
Profit before taxation	2.097.463	306.030
Taxation	(174.536)	(199.041)
Net profit for the period	1.922.927	106.989
Shareholders of the parent company	2.049.926	226.896
Minority interest	(126.999)	(119.907)
	1.922.927	106.989

	cents	cents
Basic and fully diluted earnings per share	5.61	0.62

CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

	30/06/2018 €	30/06/2017 €
Net profit for the period	1.922.927	106.989
Other comprehensive (costs) / income	(1.164)	5.889
Comprehensive income for the period	1.921.763	112.878
Comprehensive income attributable to:
Shareholders of parent company	2.048.762	232.785
Minority interest	(126.999)	(119.907)
	1.921.763	112.878

ASSETS	30/06/2018 €	31/12/2017 €
Non-Current Assets
Property, vessels, plant and equipment Financial assets	17.312.488	16.822.008
available for sale	2.060.083	2.061.247
Loan to an associated company	341.720	341.720
	19.714.291	19.224.975
Current assets
Inventories	778.980	514.789
Trade and other receivables	3.575.132	2.502.614
Cash at bank and in hand	19.916.183	15.388.640
	24.270.295	18.406.043
Total assets	43.984.586	37.631.018
EQUITY AND LIABILITIES
Capital and reserves
Share capital	15.707.529	15.707.529
Reserves	16.146.916 15.924.611
Equity attributable to the shareholders	31.854.445	31.632.140
Minority interest	9.586	136.585
Total equity	31.864.031	31.768.725
Non-current liabilities
Trade and other creditors	607.266	607.266
Deferred tax liabilities	970.428	970.428
	1.577.694	1.577.694
Current liabilities
Trade and other creditors	7.869.336	3.843.826
Borrowings	601.398	284.034
Current tax liabilities	182.744	80.927
Dividend payable	1.889.383	75.812
	10.542.861	4.284.599
Total liabilities	12.120.555	5.862.293
Total equity and liabilities	43.984.586	37.631.018

	Share capital €	Issue of shares at a premium €	Fair value reserves €	Accumulated profits €	Minority interest €	Total €
Balance as at 1 January 2017	15.707.529	937.067	2.251.865	9.135.965	63.117	28.095.543
Changes in equity for the period:
Revaluation of investments	-	-	5.889		-	5.889
Comprehensive income for the period	-	-	-	226.896	(119.907)	106.989
Balance as at 30 June 2017	15.707.529	937.067	2.257.754	9.362.861	(56.790)	27.208.421
Balance as at 1 January 2018	15.707.529	937.067	3.594.010	11.393.534	136.585	31.768.725
Changes in equity for the period:
Revaluation of investments	-	-	(1.164)	-	-	(1.164)
Dividends payable	-	-	-	(1.826.457)	-	(1.826.457)
Comprehensive income for the period	-	-	-	2.049.926	(126.999)	1.922.927
Balance as at 30 June 2018	15.707.529	937.067	3.592.846	11.617.003	9.586	31.864.031

	30/06/2018 €	30/06/2017 €
Profit before taxation	2.097.463	306.030
Adjustments for:
Depreciation	822.549	871.245
Unrealised foreign exchange (profit) loss	(148.284)	165.134
Interest receivable	(67.539)	(46.092)
Interest payable	10.944	30.181
Gain on the sale of fixed assets	(34.738)	(1.914)
Cash flow before changes in working capital		2.680.395 1.324.584
Increase in inventories	(264.191)	(305.602)
(Increase) decrease in trade and other debtors	(1.072.518)	5.228.699
Increase in trade and other creditors	) )	4.025.510 3.546.865
Cash flow from operating activities before taxation		5.369.196 9.794.546
Taxation
Tax paid	(72.719)	(16.330)
Net cash flow from operating activities		5.296.477 9.778.216
Investing activities
Purchase of fixed assets		(1.315.041) (4.331.965)
Purchase of financial assets	-	-
Proceeds from the disposal of fixed assets	36.750	4.548
Interest received	67.539	46.092
Cash flow for investing activities		(1.210.752) (4.281.325
Financing activities
Net loan payments	-	-
Interest paid	(10.944)	(30.181)
Payment of dividends	(12.886)	-
Cash flow for financing activities	(23.830)	(30.181)
Net inflow of cash		4.061.895 5.466.710
Cash and cash equivalents at beginning of period	15.104.606	10.794.459
Impact of changes in exchange rates on cash and cash equivalents	148.284	(165.134)
Cash and cash equivalents at end of period		19.314.785 16.096.035

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