|Group Revenues for the year to 31 December 2012, decreased by US$11,5m or 10,8% to reach the level of US$95,2m compared to US$106,7m in 2011. Sales in Europe decreased by 16,0% or US$2,5m to reach the level of US$13,1m compared to US$15,6m in 2011. Sales in the CIS and Baltics decreased by US$9,3m or 14,5%, reaching the level of US$54,8m, compared to US$64,1m in 2011. Sales in the rest of the World continued to grow and exhibited a year-on-year increase of US$0,4m or 1,5%, reaching the level of US$27,3m, compared to US$26,9m in 2011.
The Group’s Gross Profit for the year, after charging product, transportation and insurance costs decreased to US$68,7m compared to US$77,8m in 2011. The Gross Profit margin achieved in 2012 was 72% (2011: 73%).
The profit of the Group attributable to the shareholders of the Parent Company for the year 2012 amounted to US$1.441.585 (2011: US$3.582.634).