The financial figures of Mermeren Kombinat AD Prilep showed a significant increase during the year 2021, with the company showing sales revenues of € 30,127,440, which is an increase of 36.1% compared to the same period last year.
The operating profit for the period amounts to € 16,483,807, compared to the operating profit for the same period of 2020 amounting to € 8,837,300, showing an increase of 86.53%.
The EBITDA for the period from 01 January to 31 December 2021 is € 18,708,458, compared to € 11,099,837 of the same period last year, ie increased by 68.55%.
The net result after taxes is positive, amounting to € 14,796,375, recording an increase of 78.45% compared to the profits for the same period last year, amounting to € 8,291,583.
Operating expenses amount to € 14,164,422, an amount that represents an increase of 1.81% compared to the same period of the previous year.
The cost of spare parts and consumables was increased by 5.55%, while staff costs were reduced by 0.88%.
Third party service costs were reduced by 5.93%. Depreciation amounted to € 2,218,767, and was lower by 1.76% compared to the previous year.
There was no significant write-off of more than 30% of the total value of the assets.
On September 10, 2021 and according to the decision of the General Meeting of Shareholders with no. 02-4382 / 2, part of the new profits realized until 31 December 2020 amounting to € 10,498,562 were allocated for dividend distribution. The amount corresponds to € 2.24 per share (gross) (1 Euro = 61.50 Dinars). During the period ended December 31, 2021 the Company paid dividends to the shareholders of the total net amount of € 10,383,780 euros and an additional 112,690 euros related to taxes on dividends paid.
The Company’s Loans for the period January to December 2021, decreased by € 983,824 compared to the previous annual financial statements.
Prospects: 2022 is expected to be a period of positive operational and economic performance, provided that the impact of the COVID-19 pandemic does not become more serious. It should also be noted that the Company has absolutely no exposure in the markets of Russia or Ukraine.
Source: Capital
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