Avax SA 2011 Annual Report
Company: Avax SA
Sector: Construction
Country: Greece
Year: 2011
Type: Annual Report
Pages: 89
The report describes a difficult 2011 for the company, with consolidated turnover falling to EUR 694.8 million amid Greece's economic crisis, while Group work-in-hand reached EUR 2.0 billion. The company acquired a 15% stake in MOREAS SA and an equal participation in the related construction joint venture. It also won a turnkey contract for two solar parks with total output of 50MW and a budget of EUR 106 million. The Group reported a EUR 3.7 million loss after tax.
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