Inapa reported 1Q net income of Euro 1.54 million
Jun 03, 2011. During the 1Q 2011, Inapa consolidated sales grew 12.2% compared to 2010, reaching Euro 266.3 million. In 1Q 2011, consolidated net income grew 4% relatively to 2010, to Euro 1.54 million.
Jun 03, 2011. /Lesprom Network/. During the 1Q 2011, Inapa consolidated sales grew 12.2% compared to 2010, reaching Euro 266.3 million. Complementary business has maintained the trend, with a 19% growth and representing Euro 21.5 millions in sales, 8.1% of the Group sales (7.6% in 2010), as the company said in a press release received by Lesprom Network.
Besides the difficult market context, re-EBITDA grew 4.9% to Euro 8.6 million, representing 3.2% of sales. The management of the operational costs and the complementary business growth, which already accounts for 11% of consolidated EBITDA, sustained this growth on the Re-EBITDA.
Operational results (EBIT) grew 8.1% to Euro 6.8 million, representing 2.6% of sales, which compares favorably with the sector benchmark.
In 1Q 2011, consolidated net income grew 4% relatively to 2010, to Euro 1.54 million.