Thursday May 15, 12:01 PM
Corp Dermoestetica Q1 EBITDA 0.12 mln eur vs 5.47 mln as sales fall 21.7 pct
MADRID (Thomson Financial) - Corporacion Dermoestetica SA. said its EBITDA fell to 0.12 million euros in the first quarter to March, from 5.47 million a year earlier, as sales fell 21.7 percent to 16.87 million euros.
In a statement,
Corporacion Dermoestetica (Madrid: DERM.MC - news) said the 2008 March-quarter sales figure included contributions from its Spain, Portugal and Mexico businesses, with Spain accounting for 90 percent of the total. However, the year-earlier same period only included contributions from Spain and Portugal.
The cosmetic surgery group's March-quarter net profit grew to 167.02 million euros from 2.61 million a year earlier, boosted by the 175.3 million euros gain from the sale of its Ultralase unit in the UK, which was finalised in the first quarter.
The bottom-line also includes 8.6 million euros of losses from the closure of its Italian operations.
Corporacion Dermoestetica said talks are ongoing for the process of opening its first clinic in Mexico city, which is expected to be operational end-2008.
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