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28/11/23 06:59
Ha comentado en el artículo Tesis de inversión: Kri Kri Milk Industries(KRI.AT): microcap de calidad, a un precio justo y resistente al coronavirus
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KRI-KRI Milk Industry SA has released its interim financial statements for the period ended 30.09.2023. Turnover amounted to €176.67m compared to €137.26m in 2022 (an increase of +28.7%). Basic profitability measures were as follows: • Gross profit amounted to €62.74m against €28.47m in 2022, • EBITDA amounted to €41.54m against €11.18m in 2022, • Profit before tax amounted to €37.84m against €7.44m in 2022, • Net profit after tax amounted to €30.19m against €5.93m in 2022 This financial year, with the recovery of profit margins to their normal levels of 2021, and under a strongly inflationary economic and business environment, KriKri continues its initiatives aiming to support its consumers, farmers and employees. More specifically: - Consumers: increased budget for product price reductions through promotions. - Farmers: An additional payment of total €500.000 as a "premium for cooperation", recognizing their trust and their great personal effort to keep uninterruptedly supplying KriKri with milk. - Employees: An additional average monthly salary was given to every employee, as an one-off bonus. The total cost of this initiative is €1.000.000. For the rest of the financial year 2023, KriKri’s Management estimates that the strong growth of its financial figures will continue. Thus, it updates the profitability estimates. Based on the Management's revised forecast for 2023, total sales are expected to exceed €210m, while Earnings Before Taxes and Interest (EBIT) are expected to be ranged from €41m to €44m