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Friday, June 25, 2021

The interim report shows profitability for Demetra Holdings Plc

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In the first quarter of 2021 Demetra Holdings Plc recorded a net profit after tax of € 2,704,423 as opposed to a net loss of € 3,560,990 in the corresponding period of 2020.

Specifically, in the first quarter of 2021, the group recorded a net profit after tax amounting to € 2,704,423 in contrast to a net loss of € 3,560,990 in the corresponding period of 2020. The profit appears as noted in the announcement of the Group, according main reason from the inclusion in the results of the Group of the profit share corresponding to its participation in Hellenic Bank amounting to € 2,710,290. As a result, the net asset value of the Company's share increased from 133.48 cents on December 31, 2020 to 134.86 cents on March 31, 2021, recording an increase of 1.03%.

The group's participations in equity securities on the CSE and abroad recorded a profit of € 57,372 in contrast to a loss of € 2,714,290 in 2020. Interest income reached € 50,222. Regarding the real estate sector, net rental income amounted to € 315,778.

Source: www.philenews.com

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