Karamolengos witnessed consolidated sales rise 10% for the first quarter of this year, compared to results for the Q1 of 2000, and has also posted an increase in pre-tax profit.

Encouraged by the results of the Q1, the bakery company is predicting now increased full year results and expansion into neighbouring markets. The firm is particularly targeting the Balkan and the Albanian markets, and is in talks with a local partner in Albania to set up a joint company n the area.