With an increase in total corporate revenues by 19% to 13 million euros and profits after taxes by 114% to 4 million euros, the 2021 financial year for DIAS S.A. has come to an end.
The Company recorded a significant improvement in operational profitability as well, with the Net Profit Margin (ROS) increasing to 40.1% from 24.3% in 2021, the Return on Equity (ROE) to 18.2% from 10 % and Return on Assets (ROA) to 15.8% from 8.6% last year. The proposed dividend to shareholders was set at 4.19 euros per share.
The strong profitability of 2021 was contributed, among other things, by the increase in total invoiced transactions by 17% on an annual basis, as well as the decrease in total expenses by 5.4%. The result of these changes was the net profit margin index to be strengthened to 40% in 2021 from 24% in 2020 and the significant reduction of charges to DIAS members from 1/1/2022.
At the Annual Regular General Meeting convened on June 30, the Managing Director of DIAS, Mrs. Stavroula Kambouridou, stated in this regard:
“In 2021, we managed to not only meet, but far exceed the goals we had set for fiscal 2021. Chief among them was to take advantage of the opportunities offered by the changing payments ecosystem by investing in innovation, reliability and efficiency As a result of the increase in the number of transactions, and in particular of direct payments, the inclusion of more organizations and members in DIAS, the digital transformation and the strengthening of our extroversion, the improvement of our corporate governance framework.
This strong run continues in 2022. Based on the data we have recorded in the first five months of 2022 compared to the corresponding time period in 2021, transactions increased by 10% and compared to 2020 by 23%. The company from 1/1/2022 until 29/6/2022 has settled 182 billion euros (20% more than the corresponding period last year).
For 2022, we aim to connect even more Payment Service Providers via DIAS to the ECB’s direct payments system, to further upgrade the functionality of the IRIS payments product, to implement the interbank IBAN Verification functionality to verify the beneficiary in interbank payments and to implement projects upgrading the Company’s cyber security, among others. In addition, the widespread acceptance of electronic payments by Greek citizens is a trigger for us to consider expanding our services to third European countries, such as Cyprus, which does not have a domestic ACH interconnected to TIPS.”
Source: Capital
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