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ALPHA ASTIKA AKINITA – 2003 NET PROFIT UP 38% [19/2/2004]  
ALPHA ASTIKA AKINITA net profit after tax rose in 2003 to Euro 7.6 million from Euro 5.5 million last year, an increase of 38%. Results in 2003 and 2002 include extraordinary profits of Euro 1.8 million and Euro 1.3 million respectively, from real estate sales.

Moreover, in 2003 shareholder equity was boosted by Euro 32 million, following marking to market of real estate assets as provided for by law 3229/2004.

Turnover reached Euro 15.9 million (+1.5% from 2002) while costs declined by 12.6% as a result of operational restructuring.

The Board of Directors of ALPHA ASTIKA AKINITA has resolved to recommend approval by the General Assembly of a dividend of Euro 0.20 per share, the same as last year.

Athens, February 19, 2004
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