Varvaressos European Spinn Mills reported earnings results for the nine months of 2012. Turnover reached €10.78 million compared to €14.90 million in 2011. The company's exports came up to €6.64 million which is 61.5% of the revenues.

Losses before depreciation (LBITDA) reached €1.70 million contrary to gains of €416,000 during the same period of 2011. Losses after taxes reached €3.46 million compared to losses of €1.84 million last year.