BasicNet's profit up 5-fold

2014-02-27T00:00:00

BasicNet, the parent company of Kappa, K-Way and other brands, said in a preliminary statement that its net profit for 2013 surged to €8.4 million as compared to €1.6 million in 2012. Earnings before interest, taxes, depreciation, and amortization (Ebitda) were €22.8 million, representing a 91.2 percent increase. Adjusted operating ...

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