PRESS RELEASE | P&L 2020
ALPHA TRUST-ANDROMEDA S.A. marks net profit of €878 th. for the year ended 31 December 2020, based on International Financial Reporting Standards (IFRS)
The Company’s key figures for FY 2020 were:
The Company’s gross income amounted to €1.73 million, vs €4.00 million for the same period last year. Gross income mostly reflects profits from valuation of securities at fair value based on IFRS and profits from sales and purchases.
Earnings before tax amounted to €889 thousand vs €2.43 million for the same period last year.
Earnings after tax amounted to €878 thousand vs €2.38 million for the same period last year.
The Company’s cash and cash equivalents as at 31 December 2020 came to a total of €684 thousand.
The Company’s portfolio increased by 7.88% in FY 2020, with its Net Asset Value (N.A.V.) amounting to €12.69 million or €31.64 per share as at 31/12/2020.
At the end of FY 2020, the Company’s portfolio was wholly invested in Greece, 96.51% in ATHEX listed shares and 2.09% in bonds.
Its five largest shareholdings at the end of the half-year were in: QUEST HOLDINGS S.A., THRACE PLASTICS PACK S.A., ELVE COMMERCIAL INDUSTRIAL SOCIETE ANONYME, TITAN S.A. and ENTERSOFT S.A.
The Ordinary General Meeting of shareholders of 22 June 2020 approved the return of capital amounting to €300,852 or €0.75 per share.
The shares of ALPHA TRUST-ANDROMEDA S.A., with a closing price of € 23.20 on 18/03/2021, were being traded on ATHEX at a discount rate of -28.88%.
The Company’s key financial figures and key indicators are included in the following tables:
Please note that the calculation of NAV as at 31/12/2019 does not include the return of capital of €300,852 or €0.75 per share.
ALPHA TRUST-ANDROMEDA S.A., now the only Portfolio Investment Company in the ATHEX, remains firmly committed to an investment strategy based on monitoring companies’ fundamentals and continues to be an ideal investment instrument for the long-term creation of goodwill for shareholders.
Kifissia, 19 March 2021