VARVARESSOS S.A. turnover during the 1st semester of 2000 was 3.794 million drh (11,24 mil. EURO), increased by 2,8% compared to the 1st semester of 1999. During the same period the company's exports were increased by 29% reaching 2.433 million drh (7,20 mil. EURO) compared to 1.885 million drh (5,58 mil. EURO) in 1999. At this point the exports already represent 64% of the total sales of the company and they are expected to exceed 65% by the end of the year.The capital and reserves of the company on the 30.06.2000 were 9,2 billion drh (27,25 mil. EURO) compared to 5 billion drh (14,81 mil. EURO) of the same period of 1999, while the liabilities were reduced by 60% and were of 1,2 billion drh (3,55 mil. EURO) compared to 3 billion drh (8,89 mil. EURO) on the 1st semester of 1999. The investments on the 1st semester of 2000 came up to 1,4 billion drh (4,15 mil. EURO), while the debit interest and similar charges were reduced by 73,5% and were 44 million drh (0,13 mil. EURO) compared to 166 million drh (0,49 mil. EURO) on the same semester of 1999.The depreciation of the 1st semester of 2000, due to the investments, were increased by 23,5% and reached 263,8 million drh (0,78 mil. EURO) compared to 213 million drh (0,63 mil. EURO) of 1999. Last but not least, the profits increased to 288,5 million drh (0,85 mil. EURO) compared to 229,8 million drh (0,68 mil. EURO) of 1999, an increase of 25,5%, while the profit before adjustments reached 552,3 million drh (1,64 mil. EURO) compared to 442,9 million drh (1,31 mil. EURO) in 1999, an increase of 24,7%.