AS COMPANY SA
ANNOUNCEMENT OF FINANCIAL RESULTS FOR THE HALF-YEAR TO 2021
23rd September 2021
The lingering effects of the COVID-19 pandemic, in particular in the first months of the first half of 2021, resulted in a reduction in the Group’s revenue of -6.90% compared to the relevant period of the year last, for a total of 7.447 million euros. Our Company’s products were available through limited distribution channels, while the Company, without disrupting operations, continued to bill customers who did not suspend operations, meeting demand well below normal levels.
Consolidated income before tax amounted to 1.172 million euros, compared to 0.425 million euros for the corresponding period of 2020, recording an increase of 175.72%. The consolidated result after tax amounts to 0.954 million euros compared to 0.352 million euros for the corresponding period of the previous financial year, an increase of 170.59%. The effect of lower sales on overall profitability was offset by the increase in gross margin, the increase in other operating income, the reduction in operating expenses and the result of management. of the Group’s securities.
It should be noted that the Group’s subsidiaries present figures which have improved overall compared to the corresponding period of 2020, both in terms of total turnover and overall profitability.
The amount of available and short-term investments of the Group amounts to 17.431 million euros, attesting to the financial solidity of the Group.
On 3.8.2021, the Company paid a gross dividend of 8.37 euro cents per share, in accordance with the decision of the Ordinary General Meeting of Shareholders of 25.6.2021.
Condensed consolidated financial data for semester A
|
000 € |
6/30/2021 |
30/6/2020 |
% |
|||||||
|
Turnover |
€ 7.447 |
€ 7.999 |
-6.90% |
|||||||
|
Gross profit |
€ 3.681 |
€ 3.912 |
-5.90% |
|||||||
|
Earnings before interest, |
€ 1.006 |
€ 985 |
2.16% |
|||||||
|
Depreciation and taxes |
||||||||||
|
Profits before taxes |
€ 1.172 |
€ 425 |
175.72% |
|||||||
|
Profits after taxes |
€ 954 |
€ 352 |
170.59% |
|||||||
Despite the difficult market situation, the Company continued its operations in a transparent manner, prioritizing the full service of projected demand, while improving profitability and protecting the Group’s liquidity.
In addition, the Group, by the second half of 2021, will aim to further increase its market share in the three countries of activity – Greece, Cyprus and Romania – by strategically distributing innovative products in the main toy categories. .
The financial statements for the first half of 2021 are posted on the Company’s website https://ir.ascompany.grand the Athens Stock Exchange website.
Disclaimer
AS Company SA published this content on September 23, 2021 and is solely responsible for the information it contains. Distributed by Public, unedited and unmodified, on September 23, 2021 02:41:09 PM UTC.