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ALPHA TRUST ANDROMEDA S.A.: First Half 2024 Financial Results

ALPHA TRUST ANDROMEDA S.A.: First Half 2024 Financial Results

PRESS RELEASE

ALPHA TRUST ANDROMEDA S.A.: First Half 2024 Financial Results-
https://andromeda.eu/wp-content/uploads/2024/12/6bcca6cb-5274-4ae3-8358-c1a760a037cf.jpegDistribution of additional dividend from profits of past years

First Half 2024 Financial Results:

 

ALPHA TRUST-ANDROMEDA S.A. announced today its financial results for the first half of 2024, based on International Financial Reporting Standards, which, at the same time, announced the decision of the Board of Directors to distribute an additional dividend from profits of previous years. According to the results announced by the company, profit before tax (EBT) amounted to € 1.28 million in the first half. compared to € 6.09 million. in the corresponding period of 2023, while net profit amounted to € 1.19 million. According to the management of ALPHA TRUST-ANDROMEDA S.A., the decrease in profit before tax is mainly linked to the decrease in profits from securities valuation, as the comparison is made with a very good first half of 2023 on the Athens Stock Exchange.
Regarding the distribution of an additional dividend from profits of previous years, this amounts to 0.17 euros per share and comes in addition to the dividend of 0.316 euros per share, distributed by the company in June 2024. The total dividend of 0.486 euros per share brings the company’s dividend yield to 7.5% for the current financial year. For the

period from 01/01/2024 to 30/06/2024 the company’s portfolio recorded a return of 4.02% with the intrinsic value of the portfolio (N.A.V.) amounting to € 30.41 million. or € 8.38 per share on 30/06/2024. The portfolio structure on 30/06/2024 included investments in shares listed on the ATHEX by 93.48%, investments in bonds by 3% and investments in Money Market Funds by 1.02%. The share of ALPHA TRUST-ANDROMEDA S.A. was traded on the Athens Exchange at a significant discount of -23.69% on 28/06/2023, with the closing price amounting to € 6.40. On the occasion of the publication of the results and the distribution of dividend from profits of previous years, the CEO of ALPHA TRUST-ANDROMEDA S.A., Mr. Vasilios Kletsas, stated: “Despite the decline in profitability, the company remains consistent in its commitment to generously reward its shareholders, while confirming the character of its share as a very good “savings product”. ALPHA TRUST-ANDROMEDA S.A., for the seventh consecutive year, secured a dividend yield (7.5%), which exceeds that of the Stock Exchange (which is estimated at 4%)“.

Kifissia 12.09.2024

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