Press Release
P. Psychiko, 14 May 2021
KEKROPS (ATHEX: ΚΕΚΡ) announces the financial results of the fiscal year 2020, according to IFRS.
Amounts in Euro | 31/12/2020 | 31/12/2019 |
Rental Income | 14.400 | 11.400 |
Gross Losses | -235.030 | -283.693 |
Operating results | 195.056 | -402.806 |
EBITDA | 200.183 | -397.608 |
Earnings / (Loss) before tax | 16.716 | -575.652 |
Earnings / (Loss) after taxes | 11.274 | -566.014 |
Cash Flows from Operating Activities | -871.179 | -1.185.125 |
Cash flows from investing activities | 228.926 | -2.988 |
Cash flows from financing activities | 1.050.000 | -50.000 |
Net (decrease) in cash and cash equivalents | 407.747 | -1.238.113 |
Cash and cash equivalents | 598.372 | 190.625 |
Borrowings | 4.592.461 | 3.529.167 |
Net Debt | 3.994.089 | 3.338.542 |
Turnover is on the same level as last year and amounted € 14,4 thousand compared to € 11.4 thousand for the year 2019.
Operating results amounted to profit of €195 thousand for the year 2020 compared to losses of €403 thousand for the year 2019. The current fiscal year was positively affected due to recognition of the profit of € 684 thousand that resulted from the compulsory expropriation of the property in Chalandri.
Earning after taxes amounted €17 thousand for the year 2020 compared to losses of €576 thousand for 2019.
Cash and Cash Equivalents
The increase in cash and cash equivalents by €408 thousand is mainly due to the positive effect of cash flows from financing activities by €1.050 thousand, interest expense payments of
Κ Ε Κ Ρ Ο Ψ Α . Ε .
Ξενοδοχειακαί - Τουριστικαί - Οικοδομικαί & Λατομικαί Επιχειρήσεις
Έδρα : Δάφνης 6 , Π. Ψυχικό 154 52
Tel: 210-6712071, Fax: 210-6714146, email: info@kekrops.gr
- 174 thousand, the return of advance payment of previous years € 300 thousand, as well as the working capital required for the operation of the Company.
Dividends
The Company will not distribute dividends for the fiscal year 2020.
For further information:
T: + 30 210 - 6712071 E: info@kekrops.gr Web: www.kekrops.gr
Κ Ε Κ Ρ Ο Ψ Α . Ε .
Ξενοδοχειακαί - Τουριστικαί - Οικοδομικαί & Λατομικαί Επιχειρήσεις
Έδρα : Δάφνης 6 , Π. Ψυχικό 154 52
Tel: 210-6712071, Fax: 210-6714146, email: info@kekrops.gr