ALPHA TRUST ANDROMEDA Investment Trust S.A. : Fiscal 2022 Results
Fiscal 2022 Results – BoD will propose to AGM dividend amounting to 0.20 euros per share
ALPHA TRUST-ANDROMEDA Investment Trust S.A. released annual 2022 results today.
The Company’s key figures for FY 2022 were:
The Company’s gross income amounted to losses of € 0.35 million, vs profit of € 4.7 million for the same period last year. Gross income mostly reflects losses from valuation of securities at fair value based on IFRS amounting to € 1.067 million, profits from the purchase and sale of securities amounting to € 0.205 million and gains from portfolio revenues amounting to approximately € 0.512 million euro.
Losses before tax amounted to € 1.11 million vs profits of € 3.13 million for the same period last year.
Losses after tax amounted to € 1.13 million vs profits of € 3.11 million for the same period last year.
The Company’s portfolio decreased by 12,55% in FY 2022, with its Net Asset Value (N.A.V.) amounting to € 24.675 million or € 6.98 per share as at 31/12/2022.
At the end of FY 2022, the Company’s portfolio was wholly invested in Greece, by 77.05% in ATHEX listed shares and 22.95% in fixed income securities and cash.
On April 3rd, two days before the announcement, the stock price closed on the Athens Stock Exchange at € 7.63 which corresponds to a discount of -14.51 %.
In addition, the Board of Directors decided to propose to the Annual General Meeting the distribution of dividends from previous years profits of c. 0.20 euros per share – the exact amount will be determined according to the number of the Company’s own shares at the record date.
The Company’s key financial figures and key indicators are included in the following tables:
Kifissia, 05 April 2023
Kifissia, 05 April 2023