23/3/2017 Financial Results FY2016
(WorldNews Greece)

Financial Results FY2016 In 2016, TITAN Group recorded a significant improvement in profitability, thanks to the continuing growth of the US market and the recovery of results in Egypt. Consolidated turnover reached EUR1,509 million, posting an 8% increase compared to 2015. Earnings Before Interest, Tax, Depreciation and Amortization (EBITDA) increased by 28.7% reaching EUR278.6 million. Net profit after minority interests and the provision for taxes, stood at EUR127.4 million, compared to EUR33.8 million in 2015. 2016 results include a gain from a deferred tax asset recognition of EUR89.6 million in the US, associated with previously unrecognized carry-forward net operating losses generated in...