“Douros” recorded a decrease in sales, but also net losses on an annual basis, in the nine months of 2021.
As stated in the relevant announcement:
“DOUROS INDUSTRY AND TRADE OF READY MADE GARMENTS SA” announces that: The total sales of the Company for the period 01/01 / 2021-30 / 09/2021 amounted to € 1,446,295.29. The corresponding period of 2020 The sales of the Company in the period 01/01 / 2021-30 / 09/2021 amounted to 903,101.65 € against 975,284.79. € of the corresponding period of 2020, with the Gross Margin being 62.44% against 59.39% of the corresponding period of 2020. The net results of the Company after taxes for the period 01/01 / 2021-30 / 09/2021 are losses of (€ 51,284.41) or (€ 0.0178) per share instead of losses (€ 637,943.10) or (€ 0.1610) per share, the corresponding period of 2020. Profits (losses) before taxes, financial and investment results, and depreciation (EBITDA) for the period 01/01 / 2021-30 / 09/2021 are profits of € 545,760.41 instead of profits of € 31,595.00 for the corresponding period of 2020.
Consequences of the Covid-19 crisis on the Company
Due to the suspension of its branches to limit the spread of COVID-19, the company partially reduced the liquidity problem, due to the aid it received from state support measures. The Company and its Board of Directors are monitoring the developments and have taken measures to limit its losses. The company has taken precautionary measures for the safety of its employees, but also of the consumer public and fully complies with the instructions of the competent authorities “.
Source From: Capital
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