PRESS RELEASE: S1 2023 financial results
Key Financial Figures First Semester 2023
ALPHA TRUST-ANDROMEDA S.A. announced today its interim financial results for the 1st semester ending on June 30, 2023, based on IFRS, with earnings before tax (EBT) amounting to €6.09 mil. versus losses of €2.97 mil. during the respective period of 2022. Net Profit amounting to €6.03 million.
Therefore, the Company’s, key financial figures for the semester ending on June 30, 2023, were as follows:
Gross income stood at profits of €7.82 million for the first semester of 2023, against losses of €2.64 million, during the respective period of 2022. Gross income is mainly resulting from profits from the valuation of securities at fair value based on IFRS.
For the period from 01/01/2023 to 30/06/2023 the Company’s investment portfolio made a performance of 24.74% and the net asset value (Ν.Α.V.) stood at €30.02 million or €8.49 per share on 30/06/2023.
The portfolio was invested solely in Greece, by 89.89% in domestic equities and by 5.16% in bonds, as of 30/06/2023.
The stock of ALPHA TRUST-ANDROMEDA S.A. was traded in the Athens Stock Exchange with a significant discount of -17.26% on 12/09/2023, with a closing price of €6.94.
The Company's CEO, Mr. Vassilis Kletsas, commented:
"The Athens Stock Exchange enjoyed a positive course during the first half of the year driven by the relatively better performance of the Greek economy compared to that of the Eurozone as a whole, the very satisfactory financial results of the listed companies, the substantially improved picture of the banking sector as well as the expectation of achieving the Investment Grade. This allowed us to realise capital gains aiming at maintaining a high dividend yield of the stock".
Kifissia, September 14, 2023