ALPHA TRUST HOLDINGS today announced its financial results for the first half of 2024, in accordance with International Financial Reporting Standards.
The Group’s turnover amounted to €4.130 thousand compared to €3.357 thousand for the previous year. The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) amounted to €845 thousand, compared to €455 thousand in the first half of 2023.
The key indicators for the Group are as follows:
- The turnover for the first half of 2024 amounted to €4.130 thousand, compared to €3.357 thousand in the first half of 2023, showing an increase of 23%.
- EBITDA for the first half of 2024 amounted to €845 thousand compared to €455 thousand in the first half of 2023, showing an increase of 85,71%.
The EBITDA margin stood at 20.46% for the first half of 2024, compared to 13.54% for the corresponding period of the previous year. - Earnings Before Interest and Taxes (EBIT) amounted to €661 thousand for the first half of 2024, compared to €295 thousand for the same period of the previous year, showing an increase of 124%.
- Earnings Before Taxes (EBT) amounted to €646 thousand for the first half of 2024, compared to €338 thousand in the first half of 2023, showing an increase of 91.12%.
The pre-tax profit margin was 15.64% for the first half of 2024, compared to 10.07% for the same period in 2023. - Profits after tax from continuing operations amounted to €506 thousand for the first half of 2024, compared to €283 thousand for the first half of 2023, showing an increase of 78.79%.
The net profit margin was 12.25% for the first half of 2024, compared to 8.43% for the first half of 2023.
Key Financial Figures First Half 2024
Amounts to € 000 | Η1 2024 | Η1 2023 | Δ% |
---|---|---|---|
Turnover | 4,130 | 3,357 | 23% |
Gross profits | 2,600 | 2,085 | 24.70% |
Gross Profit Margin | 62.97% | 62.11% | +86bps |
Earnings before Interest, Tax, Depreciation and Amortization (EBITDA) | 845 | 455 | 85.71% |
EBITDA margin | 20.46% | 13.54% | +692bps |
Earnings Before Taxes (EBT) | 646 | 338 | 91.12% |
EBT margin | 15.64% | 10.07% | +557bps |
Profits after Taxes | 506 | 283 | 78.79% |
Commenting on the financial results, the CEO of “ALPHA TRUST HOLDINGS”, Mr. Chris Aesopos noted: “Our major investment program, focused on technology, was largely completed last year. This, combined with the upward trend in the markets and increased investment interest, had a positive impact on the Group’s results“.
It is noted that during the Ordinary General Shareholders Meeting on May 15th, 2024, the distribution of a dividend of €1.730 thousand was approved, which corresponds to €0.5629 (gross) per share.
The Financial Report is available on the Company’s website https://atrust.gr/ as well as on the website of the Athens Stock Exchange www.athexgroup.gr.
Kifissia, September 27th, 2024