Comments on Financial Statements -2013
Kifissia, October 24, 2013
PRESS RELEASE : 9M 2013 FINANCIAL RESULTS
ALPHA TRUST ANDROMEDA S.A. released its financial results for the nine month period of 2013 under the International Financial Reporting Standards.
The Greek stock exchange has recorded gains in the third quarter, with a dominant and intense transaction interest for bank warrants. In addition to the positive global developments, namely the de-escalation in Syria and the new change in the rhetoric of the US Federal Reserve, investment interest for the country seems to be improving thanks to the achievement of a primary surplus and the return to positive annual growth rates from 2014.
The Company ended the third quarter of 2013 with a return of 6.74% from the beginning of the year, against returns of 10.89% recorded by FTSE/Χ.Α. Large Cap and 11.69% recorded by the General Index of the ATHEX from the same period.
For the nine month period of 2013, ANDROMEDA marked earnings after tax amounting to euro 0.72 mil., compared to earnings after tax amounting to euro 1.56 mil. in the respective period last year. The Company’s gross income stood at approximately euro 1.33 mil. in total, resulting from the valuation of securities at fair values based on IFRS.
The Company’s assets at the end of the nine month period stood at euro 10.71 mil while the Company’s portfolio in current prices was totally invested in Greece, by approximately 82.11% in stocks, 7.51% in bonds and by 10.38% in cash reserves.
The Company’s net asset value per share at the end of the nine month period stood at euro 25.63 while its share price at euro 18.61, thus trading at a discount of 27.39%.
On 23/10/2013 the Company’s net asset value per share was euro 26.95, thus trading at a discount of 26.11%.
The Company’s top ten equity holdings at the end of the nine month period consist of TITAN, OTE, THRACE PLASTICS, QUEST HOLDINGS, INFORM P. LYKOS, PLAISIO COMPUTERS, FOURLIS HOLDINGS, JUMBO, FRIGOGLASS and ALPHA BANK.
PRESS RELEASE
6Μ 2013 FINANCIAL RESULTS
July 29, 2013
ALPHA TRUST ANDROMEDA S.A. released its financial results for the first semester 2013 under the International Financial Reporting Standards.
Greek stocks and bonds began the second semester recording gains, amidst optimism regarding the country’s outlook resulting from the observed improvement of some basic macroeconomic aggregates and the expectation of invigoration of the economy through the recapitalization of systemic banks in a global environment of quantitative easing. The picture has changed from mid-May due to a reversal in the rhetoric of the US Federal Reserve while the observed difficulties of the privatization program and the loss of a coalition partner by the government following the developments in the state television have also affected negatively the investment outlook of the country.
According to the data provided by the Association of Greek Institutional Investors, the two companies of the sector have ended the second quarter of 2013 with a weighted average return of -0.65% from the beginning of the year, against returns of -8.47% recorded by FTSE/Χ.Α. Large Cap and -6.65% recorded by the General Index of the ATHEX for the same period. ANDROMEDA’s return was -0.62%.
For the first semester 2013, ALPHA TRUST – ANDROMEDA S.A. marked losses after tax amounting to euro 0.017 mil., compared to earnings after tax amounting to euro 1.00 mil. in the respective period last year. The Company’s gross income stood at approximately euro 0.29 mil. in total, resulting from the valuation of securities at fair values based on IFRS.
The Company’s assets at the end of the semester stood at euro 9.98 mil while the Company’s portfolio in current prices was totally invested in Greece, by approximately 73.45% in stocks, 4.53% in bonds and by 22.02% in cash reserves.
The Company’s net asset value per share at the end of the semester stood at euro 23.87 while its share price at euro 21.00, thus trading at a discount of 12.02%.
The Company’s top ten equity holdings at the end of the first semester consist of INFORM P. LYKOS, TITAN, OTE, THRACE PLASTICS, QUEST HOLDINGS, PLAISIO COMPUTERS, FRIGOGLASS, JUMBO, PIRAEUS PORT AUTHORITY S.A. and FOURLIS HOLDINGS.
29/4/2013
PRESS RELEASE
Q1 2013 FINANCIAL RESULTS
ALPHA TRUST ANDROMEDA S.A. released its financial results for the first quarter 2013 under the International Financial Reporting Standards.
Greek stocks and bonds began the New Year on positive ground as the macroeconomic aggregates move within the budgetary targets, despite the ongoing recession and the subsequent increase in the unemployment rate. Nonetheless, the Cyprus crisis contributed in the reversal of the trend with the Athens Exchange General Index registering losses of 4.26% in the first quarter.
ANDROMEDA’s assets at the end of the quarter stood at euro 6.19 mil., decreased by 5.11% as of the beginning of the fiscal year, while during the same period the Company’s portfolio in current prices was invested approximately by 91.03% in stocks and by 8.97% in cash reserves.
The Company’s net asset value per share at the end of the quarter stood at euro 23.03 while its share price at euro 22.00, thus trading at a discount of 4.47%.
At the end of March the whole of the Company’s portfolio was invested inGreece.
The Company’s top ten equity holdings at the end of the first quarter consist of INFORM P. LYKOS, QUEST HOLDINGS, THRACE PLASTICS, OTE, PLAISIO COMPUTERS, S&B, ELVE, JUMBO, FRIGOGLASS, and TITAN.
For the first quarter 2013, ALPHA TRUST – ANDROMEDAS.A.marked losses after tax amounting to euro 0.332 mil., compared to earnings after tax amounting to euro 1.115 mil. in the respective period last year. The Company’s gross income stood at approximately euro -0.20 mil. in total, resulting from the valuation of securities at fair value based on IFRS.
Kifissia, April 29, 2013