Thrace 9-month 2018 results: sales rise 1.5%; rising raw material costs undercut gross margin
ATHENS, Greece, November 29, 2018-
The purpose of the current release is to present the Group’s financial results for the 9-month period of 2018 and to highlight the basic factors that contributed to such.
The 9-month period was characterized by an increase in the consolidated sales volume by 1.5%, higher consolidated turnover by 2.6% and also by a contraction in the Gross Profit Margin which was mainly due to the higher raw material prices.
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