In its recent Interim Report and Financial Statements 2023 report, KEO announced growth for the first half of 2023. The company's main activities include the vinification of viticultural products, the production of beer and juices, and the bottling of natural mineral water. These products are available both domestically and internationally. In addition to its core operations, the company is involved in importing and distributing various products such as beer, wines, spirits, juices, water, and other canned foods to the local market.

• KEO Groups's turnover for the first six months of 2023 reached €31,692,000, marking a notable 16% increase compared to the €27,407,000 reported during the same period in 2022. This surge in turnover is primarily attributed to improved market conditions, with a significant uptick in tourist arrivals.

• Gross profit for the period was reported at €10,379,000, up from €8,530,000 in the first half of 2022. The rise in gross profit can be chiefly linked to the increased turnover. The company’s gross margin as a percentage of sales stood at 32.7% in 2023, improving from 31.1% in the same period in 2022. This boost in the gross margin is credited to heightened production volumes and the resulting economies of scale.

• Profit from operations showed a robust performance, clocking in at €2,595,000, a sharp increase from the €1,162,000 registered in the corresponding period of 2022. The betterment in operating results is largely owing to the upswing in turnover.