	30/06/2016 €	30/06/2015 €
Turnover	17.161.253	14.639.727
Cost of sales	(12.936.430)	(10.567.112)
Gross profit	4.224.823	4.072.615
Administrative expenses	(2.003.964)	(1.988.338)
Sales expenses	(139.606)	(161.653)
Depreciation	(924.938)	(756.831)
	(3.068.508)	(2.906.822)
Profit from operating activities	1.156.315	1.165.793
Other income	66.679	357.273
Net finance costs	(54.749)	150.620
Profit before taxation	1.168.245	1.673.686
Taxation	(102.274)	(118.139)
Net profit for the period	1.065.971	1.555.547
Allocated to:
Shareholders of the parent company	910.560	1.545.383
Minority interest	155.411	10.164
	1.065.971	1.555.547
	cents	cents

Basic and fully diluted earnings per share	2.49	4,23

CONDENSED INTERIM CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

	30/06/2016 €	30/06/2015 €
Net profit for the period	1.065.971	1.555.547
Other comprehensive income / (costs)
	-	-
Comprehensive income for the period	1.065.971	1.555.547


Comprehensive income allocated to:
Shareholders of parent company	910.560	1.545.383
Minority interest	155.411	10.164
	1.065.971	1.555.547

ASSETS	30/06/2016 €	31/12/2015 €
Non-Current Assets
Property, vessels, plant and equipment Financial assets	14.136.266	14.884.904
available for sale	2.090.406	1.765.406
Loan to an associated company	341.720	341.720
	16.568.392	16.992.030
Current assets
Inventories	399.695	437.942
Trade and other receivables	3.678.097	2.412.393
Cash at bank and in hand	10.612.675	9.160.662
	14.690.467	12.010.997
Total assets	31.258.859	29.003.027
EQUITY AND LIABILITIES
Capital and reserves
Share capital	15.707.529	15.707.529
Reserves	6.431.747	6.046.020
Equity attributable to the shareholders	22.139.276	21.753.549
Minority interest	116.181	(39.230)
Total equity	22.255.457	21.714.319
Non short-term liabilities
Trade and other creditors	719.766	719.766
Deferred tax liabilities	807.789	807.789
	1.527.555	1.527.555
Short-term liabilities
Trade and other creditors	6.334.323	3.246.439
Borrowings	359.556	1.718.239
Current tax liabilities	179.739	108.735
Dividend payable	602.229	687.740
	7.475.847	5.761.153
Total liabilities	9.003.402	7.288.708
Total equity and liabilities	31.258.859	29.003.027

	Share capital €	Issue of shares at a premium €	Fair value reserves €	Accumulated losses €	Minority interest €	Total €
Balance as at 1 January 2015	15.707.529	937.067	2.233.758	(956.666)	19.570	17.941.258
Changes in equity for the period:
Revaluation of investments	-	-	-	-	-	-
Comprehensive income for the period	-	-	-	1.545.383	10.164	1.555.547
Balance as at 30 June 2015	15.707.529	937.067	2.233.758	588.717	29.734	19.496.805
Balance as at 1 January 2016	15.707.529	937.067	2.242.726	2.866.227	(39.230)	21.714.319
Changes in equity for the period:
Dividends payable	-	-	-	(524.833)	-	(524.833)
Comprehensive income for the period	-	-	-	910.560	155.411	1.065.971
Balance as at 30 June 2016	15.707.529	937.067	2.242.726	3.251.954	116.181	22.255.457

	30/06/2016 €	30/06/2015 €
Profit before taxation	1.168.245	1.673.686
Adjustments for:
Depreciation	924.938	756.831
Unrealised foreign exchange loss (gain)	15.919	(263.275)
Interest receivable	(33.225)	(20.743)
Interest payable	24.781	47.701
Gain on the sale of fixed assets	(18.749)	(277.433)
Cash flow before changes in working capital	2.081.909	1.916.767
Decrease (increase) in inventories	38.247	(344.906)
Increase in trade and other debtors	(1.265.704)	(791.632)
Increase in trade and other creditors	3.087.884	2.454.904
Cash flow from operating activities before taxation	3.942.336	3.235.133
Taxation
Tax paid	(31.270)	(34.508)
Net cash flow from operating activities	3.911.066	3.200.625
Investing activities
Purchase of fixed assets	(177.600)	(576.321)
Purchase of financial assets	(325.000)	-
Proceeds from the disposal of fixed assets	20.049	299.933
Interest received	33.225	20.743
Cash flow for investing activities	(449.326)	(255.645)
Financing activities
Net loan payments	(250.000)	(300.000)
Interest paid	(24.781)	(47.701)
Payment of dividends	(610.344)	-
Cash flow for financing activities	(885.125)	(347.701)
Net inflow of cash	2.576.615	2.597.279
Cash and cash equivalents at beginning of period	7.942.423	4.129.149
Impact of changes in exchange rates on cash and cash equivalents	(15.919)	263.275
Cash and cash equivalents at end of period	10.503.119	6.989.703

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