BARVARESOS ‘turnover increased by 2.8% in the nine months to 5.73 million euros, while the results before taxes on financial, investment results and depreciation (EBITDA) amounted to losses of 2.39 million euros against losses of 2.03 million in the corresponding period of 2020, as announced today by the listed company.
In particular, the company “VARVARESOS SA European Spinning Mills” informs the investing public about the basic financial figures of the third quarter 2021 as well as any important information about its activity, its prospects and the effects of the spread of the COVID pandemic-
19, in the context of the letter of the Hellenic Capital Market Commission with protocol number 2596 / 09.11.2021.
The turnover of the company during the nine months of 2021 amounted to 5.73 million Euros compared to 5.57 million Euros in the corresponding period of 2020, increased by 2.8%
The results before taxes on financial, investment results and depreciation (EBITDA) for the nine months of 2021 amounted to losses of 2.39 million Euros compared to losses of 2.03 million Euros in the corresponding period of 2020.
The results before taxes and interest (EBIT) amounted to losses of 3.14 million Euros against 2.81 million Euros in the corresponding period of 2020 while the results after taxes amounted to losses of 4.10 million Euros against 4.26 million Euro in the corresponding period of 2020.
The loan position of the company did not change significantly in the third quarter of 2021 compared to the first half of 2021.
Based on the data in force at the time of writing, the fourth wave of the COVID-19 pandemic and the lack of liquidity of the company, the Management of the company estimates that the consequences will affect its financial figures at the end of the current year. Below are summary data of the financial position and the results of the third quarter 2021.
Source From: Capital
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
