March 30, 2006
Unibrain reports profits for 2005 year-end
results
Athens, Greece, March 30, 2006- Unibrain S.A.
(Reuters: UNBr.AT) today announced results for the fiscal year
ended December 31, 2005.
According to the financial statements, based on the
the International Financial Reporting Standards (I.F.R.S.):
The main highlights of the financial statements of Unibrain S.A.
are:
- Increase of sales by 4.05% from €3,746,058.93 for
fiscal 2004 to €3,897,909.68.
- Increase of operational profit before taxes, interests and depreciation (EBITDA) by 75.59% from €671,401.02 to €1,178,928.10.
- Increase of profit before taxes from loss of €301,159.54
for fiscal 2004 to profit of €900,745.87.
- Increase of net profit after taxes and minority rights from loss of €354,483.34
for fiscal 2004 to profit €420,801.68.
The main highlights of the financial statements
of the group:
- Increase of sales by 15.83% from €3,993,020.60 for
fiscal 2004 to €4,625,122.20.
- Increase of operational profit before taxes, interests and depreciation
(EBITDA) by 138.30% from €522,036.36 to €1,243,993.30.
- Increase of profit before taxes from loss of €266,344.16
for fiscal 2004 to profit of €949,628.29
- Increase of net profit after taxes and minority rights from loss of €319,667.96
for fiscal 2004 to profit of €469,684.10.
Commenting the results of 2005, the Vice President and
Chief Executive Officer of the Company, Mr. George Zachopoulos,
pointed out that the positive results of Unibrain’s 2005 financial statement are due to:
1. The restructuring of both Unibrain S.A. and its (100% owned)
subsidiary company, Unibrain, Inc.- which is located in
California, USA.
2. The success of the iZak product line with OEM sales in Europe,
USA and mainly Asia.
3. The agreement with Texas Instruments for the use of Unibrain software which is bundled with TI's 1394b (Firewire-800) chips sold worldwide.
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Unibrain S.A. (Europe/Asia)
19.5 Markopoulou Ave,
Peania - Athens 19002, GREECE
Tel: +30-210-6640600, Fax: +30-210-6646508
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Unibrain,
Inc. (North & South America)
One Annabel Lane, Suite 109
San Ramon - California 94583, USA
Tel: +1-925-866-3000, Fax: +1-925-866-3520
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