Halcor SA eported after tax and minorities losses totaling 2.2 million euros, or 0.0213 euros per shares, in the first quarter of 2010, compared with the same period last year.

Consolidated turnover jumped 54.3 pct to 229.8 million euros, reflecting higher average metal prices and a 16 pct rise in the volume of sales.

The Group said it managed to boost its volume of sales and gain market share despite adverse economic conditions prevailing in Greece and a harsh environment in western and eastern Europe.

Consolidated gross earnings fell 20.4 pct to 8.8 million euros in the January-March period, from 11.1 million euros last year, while EBITDA fell 27.5 pct to 6.6 million euros and EBIT plunged 117 pct to a loss of 500,000 euros.

Consolidated pre-tax losses were 3.9 million euros in the first three months of 2010, from a loss of 2.9 million euros last year.

Net borrowing totaled 478 million euros, up from 402 million euros last year.