TMM increases revenue 21.6% y-o-y in 2010 according to IFRS

Yesterday TMM Real Estate (FSE: TR61 GR, N/R) reported consolidated financial statements under IFRS for 2010 audited by Ernst & Young.

TMM’s Key Financials, USD mln
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                               2010   2009     y-o-y,%
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Revenues                 51.3     42.2      21.6%
Gross Profit              11.5     16.5     -30.3%
Gross Margin,%        22.5%  39.2%  -16.7pp
EBITDA                    9.4       5.8       62.1%
EBITDA Margin,%     18.3%  13.7%    4.6pp
Reported Net Profit   17.0 (14.3)         n/m
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Source: Company Data