ALPHA TRUST-ANDROMEDA SA showed losses of € 735.60 thousand in the first quarter of 2022, compared to profits of € 758.26 thousand in the corresponding quarter of 2021, based on the International Financial Reporting Standards (IFRS).
Thus, the basic figures of the Company for the first quarter of 2022 were as follows: The gross income of the Company, amounted to losses of € 567.47 thousand against profits of € 1.15 million, of the corresponding period last year. The source of gross income is exclusively the losses from the valuation of securities at fair values based on IFRS.
Losses before taxes amounted to € 731.90 thousand against profits of € 761.49 thousand in the corresponding period last year. Losses after taxes amounted to € 735.60 thousand for the first quarter of 2022, compared to profit after taxes of € 758.26 thousand for the first quarter of 2021.
For the period from 01/01/2022 to 31/03/2022 the Company’s portfolio recorded a yield of -4.96% with the internal value of the portfolio (NAV) amounting to € 14.35 million or € 8.9448 per share on 31/03/2022.
The portfolio structure on 31/03/2022 included investments in listed shares on the ATHEX. by 92.21% and placements in bonds by 2.15% as percentages on its assets.
The share of ALPHA TRUST-ANDROMEDA SA was traded on the Athens Stock Exchange with a significant discount -24.08% on 26/04/2022, with the closing price amounting to € 7.00. The basic financial figures of the Company and the key indicators are included in the following tables:
CEO Konstantinos Tzinieris said: “The Greek market started with optimism in 2022, but the continuing rise in inflation and the consequent tightening of monetary policy by the main Central Banks, negatively affected the subsequent course of X. The volatility is expected to continue, as recent geopolitical developments with the Russian invasion of Ukraine have been added to the existing uncertainties. “In an international environment characterized by low visibility, we believe that adhering to our strategy will once again help us navigate safely, for the benefit of our shareholders.”
Source: Capital
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