THRAKIKA EKKOKISTIRIA S.A. from the mid 80's and onwards  enjoyed significant growth and profitability. During all these years, our company was classified among the most profitable companies in Northern Greece and among the most profitable companies of this sector in Greece.

During the last years, all ginning mills in Greece faced financial problems, for two main reasons. On the one hand because of the big competition, as a result of the increase of the ginning mills number and on the other hand from the simultaneous reduction of the cotton production.

However the company achieved to maintain a healthy financial status and appreciable profitability. This constitutes the base for its new developmental course.

The financial results of two last years (1 July - 30 June) in Euros are:

	2006	2005	%
Fixed assets	4,862,062	5,326,569	-9
Current assets	7,127,964	4,950,817	44
Total assets	12,089,958	10,362,637	17
Owners equity	9,540,008	8,081,054	18
Bank long-term liabilities	0	0
Total long-term liabilities	0	0	0
Bank sort-term liabilities	0	0	-0
Total sort-term liabilities	2,548,794	2,274,214	12
Total liabilities	2,548,794	2,274,214	12
Sales	8,977,677	8,548,310	5
Gross profit	2,351,316	1,433,174	64
Administrative expenses	264,999	236,332	12
Selling expenses	268,462	426,937	-37
Interest charges	99,052	176,067	-44
Depreciation	500,511	180,134	178
Net income before tax	1,623,086	874,186	86
Gross Profit Margin	26,2	16,8	56
Net Profit Margin	18,1	10,2	77
Liquitity	2,8	2,2	27