Net profits of € 3.11 million were presented by ALPHA TRUST-ANDROMEDA SA. for the year ended December 31, 2021, based on International Financial Reporting Standards (IFRS).
In particular, the basic sizes of the Company for the year 2021 are presented as follows:
The gross income of the Company, amounted to € 4.71 million, compared to € 1.73 million in the corresponding period last year. Gross income comes mainly from gains from the valuation of securities at fair values based on IFRS. and profits from sales.
The profit before tax amounted to € 3.13 million compared to € 889 thousand in the corresponding period last year.
The profits after taxes amounted to € 3.11 million compared to € 878 thousand in the corresponding period last year.
The Company portfolio recorded an increase of 24.75% in the year 2021, with the internal value of the portfolio (NAV) amounting to € 15.10 million or € 9.4116 per share on 31/12/2021.
At the end of the fiscal year 2021, the Company’s portfolio was invested in its entirety in Greece, with a percentage of 86.91% in listed shares on the ATHEX. and by 1.98% in bonds.
The Board of Directors of the Company took the following decisions:
• The establishment of the ESG Committee on environmental, social and corporate governance issues related to its business activities and the appointment of its members.
• To propose to the General Assembly the distribution of a dividend for the year 2021 total amount of € 802,272, ie 0.50 euros per share, including the amount of € 401,136 or € 0.25 per share corresponding to the temporary dividends of the year that have been distributed. The additional amount for distribution that results amounts to € 401,136, ie € 0.25 per share.
The share of ALPHA TRUST-ANDROMEDA SA, with a closing price of € 6.90 on 29/03/2022, was traded on the Athens Stock Exchange with a discount of -23.07%.
The basic financial figures of the Company and the key indicators are included in the following tables:
ALPHA TRUST-ANDROMEDA SA, which is the only Portfolio Investment company on the ATHEX, remains firmly committed to its investment strategy which is based on the evaluation of the fundamental sizes of companies, being the appropriate investment instrument for the creation of goodwill and the distribution of income to its shareholders.
Source: Capital
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