INTRAKAT – Remarkable Increase in profits

INTRAKAT S.A. released its financial results for the third quarter of 2004 as follows: – Pre-tax profits increased substantially in the nine months of 2004, as they reached euros 6.7m versus euros 3.8m in 2003. – Turnover amounted to euros 24.02m in 9M 2004 against euros 26.21m in 9M 2003. – Operating profits (EBIT) reached euros 5.1m in 9M 2004 compared to euros 2.8m in 9M 2003, thus presenting an increase of 84%.

The increase in profits confirms the objectives of the new administration, which from the beginning of the year proceeded in a radical re-organization of the company and developed a new strategic plan. The renewal plan is based on intensifying company activity in Greece and abroad (Balkan countries) and penetrating new developing sectors such as environment and natural gas.