Greek confectionary manufacturer Haitoglou Bros has announced that it is expecting pre-tax profit of €1.25m (US$1.23m) for 2002, a significant increase from the company’s €310,000 pre-tax profit reported for 2001.

The company expects sales revenue of €36m for 2002, compared with €30.5m for 2001. Revenue from exports in 2001 was €9.1m, 30% of the company’s total turnover.

Haitoglou Bros has also said that on 31 December 2001 its fixed assets were estimated at €22m, an increase of 21% from the previous year, reported the Greek News Digest.