ALPHA TRUST ANDROMEDA S.A. - Financial results of 1st semester 2021 and interim dividend distribution of EUR 0.509 per share
ALPHA TRUST-ANDROMEDA S.A. has recorded net earnings of €2.39 million for the semester ending on June 30, 2021 versus losses of €-2.57 million during the respective semester of 2020, under the International Financial Reporting Standards.
Therefore, the Company’s, main aggregates in the semester ending on June 30, 2021, were as follows:
Gross income stood at €3.45 million for the first quarter of 2021, against losses of €-2.28 million, during the respective period of 2020, mainly resulting from gains from the valuation of securities at fair value based on IFRS, as well as gains from purchases and sales.
Earnings before tax stood at €2.40 million, against losses of €-2.56 million in the semester of the previous year. Earnings after tax stood at €2.39 million for the first semester of 2021, versus losses of €-3.57 million for the respective period of 2020.
Cash in hand and cash equivalents of the Company on June 30, 2021, stood at €958.07 thousand.
For the period from 01/01/2021 to 30/06/2021 the Company’s investment portfolio made a positive performance of 18.82% and the net asset value (Ν.Α.V.) stood at €14.38 million or €35.86 per share on 30/06/2021.
At the end of the semester, the Company’s portfolio was invested solely in Greece, by 89.84% in domestic equities and by 1.96% in bonds.
The top five equity holdings on 30/06/2021, were: QUEST HOLDINGS S.A., THRACE PLASTICS PACK S.A, TITAN S.A., ELVE INDUSTRIAL COMMERCIAL SOCIETE ANONYME and ENTERSOFT S.A.
The stock of ALPHA TRUST-ANDROMEDA S.A. was traded in the Athens Stock Exchange with a significant discount of -24.88% on 28/07/2021, with a closing price of €27.60.
The basic financial figures and ratios can be found to the following tables:
Profit & loss account (amounts in th.) |
1/1-30/6/2021 |
1/1-30/6/2020 |
Gross income from portfolio management |
€ 3,448 |
-€ 2,285 |
Gross profit/loss |
€ 2,545 |
-€ 2,411 |
Earnings/Loss (ΕΒΤ) |
€ 2,400 |
-€ 2,562 |
Earnings/Loss after tax (Net profit after tax) |
€ 2,393 |
-€ 2,567 |
Key Indicators |
30/06/2021 |
30/06/2020 |
Net Asset Value (N.A.V.) |
€ 14.38 mil. |
€ 9.55 mil. |
Net Asset Value (N.A.V.) per share |
€ 35.86 |
€ 23.81 |
Assets Under Management (AuM) |
€ 15.89 mil. |
€ 9.73 mil. |
Τhe Board of Directors of the Company in its meeting dated 29/07/2021, decided the distribution of EUR 200.57 thousand or 0.509 per share, as an interim dividend for the financial year of 2021.
ALPHA TRUST-ANDROMEDA S.A., which is the only closed-end fund listed in the Athens Stock Exchange, being loyal to its long-term investment strategy, continues to exploit the investment opportunities that occur and offers its shareholders both capital gains and income from dividend distribution.
Kifissia, July 29, 2021