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Interlife: 123.7% jump in pre-tax profits in the nine months

High increases in all its key Financial Figures were recorded in the nine months 01/01/21 – 30/09/2021 by INTERLIFE A.A.E.G.A.

In particular, as the company announced today:

The Registered Premiums (production) increased by 9.7% compared to the corresponding period of 2020 and amounted to € 55.56 million compared to € 50.65 million in the first nine months of 2020.

Earnings before Taxes amounted to € 13.22 million compared to € 5.91 million in the corresponding period of 2020, showing an increase of 123.7%. Earnings before Taxes and Depreciation (EBITDA) amounted to € 13.45 million compared to € 6.15 million in the corresponding period 2020. The Company has zero debt, therefore the Earnings before Taxes coincide with EBIT.

The Investment Portfolio amounted to € 247.83 million compared to € 228.01 million on December 31, 2020 (increase of 8.7%).

Inventories amounted to € 138.04 million compared to € 125.58 million as at 31 December 2020 (increase of 9.9%).

Following this, after the distribution of a dividend of € 2.22 million, the Equity amounted to € 117.63 million from € 109.54 million on 31/12/2020 (increase of 7.4%).

Finally, the total assets amounted to € 270.89 million compared to € 249.27 million on 31/12/2020.

The Company’s Management estimates that the positive pace will be maintained until the end of the year 2021.

Impacts on the Fundamental Financial Figures and the financial situation of the Company due to the energy crisis and the spread of Covid-19 disease have not been identified.

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Source From: Capital

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