Alpha Trust ANDROMEDA turns profitable in the first quarter of 2023
Alpha Trust ANDROMEDA turns profitable in the first quarter of 2023
  Economy  |  Greece

Alpha Trust ANDROMEDA turns profitable in the first quarter of 2023

Gross income stood at €2.47 m for the first quarter of 2023, against losses of €0.57 m, during the respective period of 2022.
RE+D magazine
10.05.2023

ALPHA TRUST-ANDROMEDA S.A. announced its interim financial results for the 1st quarter ending on March 31st, 2023, based on IFRS, with earnings before tax (EBT) amounting to €1.95 m versus losses of €0.73 m during the respective quarter of 2022 while Net Profit amounted to €1.92 m.

Therefore, the Company’s key financial figures for the quarter ending on March 31, 2023, were as follows:

Gross income stood at €2.47 m for the first quarter of 2023, against losses of €0.57 m, during the respective period of 2022. Gross income is mainly resulting from profits from the valuation of securities at fair value based on IFRS.

In the first quarter of the year, the Company’s investment portfolio rose by 7.80% while the net asset value (Ν.Α.V.) stood at €26.60 m or €7.53 per share on March 31st, 2023.

The portfolio was invested by 84.09% in domestic equities and by 12.91% in bonds and money market funds, as of 31/03/2023.

The stock price of ALPHA TRUST-ANDROMEDA S.A. was trading on the Athens Stock Exchange with a discount of -13.32% on 08/05/2023, with a closing price of €6.74.