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AFARAK GROUP PLC FINANCIAL STATEMENTS RELEASE 2020

Nachrichtenquelle: globenewswire
26.02.2021, 14:24  |  104   |   |   

13:30 London, 15:30 Helsinki, 26 February 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR)

AFARAK GROUP PLC: FINANCIAL STATEMENTS RELEASE 2020

Afarak Group has restated its figures for H1 2020 and 2019 due to the loss of control and the end of the consolidation of Afarak Mogale (Pty) Ltd. Afarak Group reclassified Afarak Mogale (Pty) Ltd’s previously reported income statement figures as discontinued operations. There is no change to the previously reported balance sheet figures.

    H2/20 H2/19
Restated
FY2020 FY2019
Restated
Revenue   EUR million 24.3 42.6 59.8 97.9
EBITDA EUR million -3.7 -4.9 -4.1 -5.4
EBIT EUR million -13.0 -6.9 -14.7 -9.1
Earnings before taxes EUR million -14.9 -10.1 -19.0 -5.8
Profit from continuing operations EUR million -13.3 -9.6 -17.9 -6.1
Profit from discontinued operations EUR million 17.6 -20.1 6.1 -52.8
Profit for the period EUR million 4.4 -29.7 -11.8 -58.9
Earnings per share EUR 0.02 -0.12 -0.05 -0.23
EBITDA margin % -15.2 -11.6 -6.8 -5.5
EBIT margin % -53.7 -16.1 -24.7 -9.2
Earnings margin % -61.5 -23.8 -31.8 -5.9
Personnel (end of period)   621 905 621 905

SECOND HALF 2020 HIGHLIGHTS

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AFARAK GROUP PLC FINANCIAL STATEMENTS RELEASE 2020 13:30 London, 15:30 Helsinki, 26 February 2021 - Afarak Group Plc ("Afarak" or "the Company") (LSE: AFRK, NASDAQ: AFAGR) AFARAK GROUP PLC: FINANCIAL STATEMENTS RELEASE 2020 Afarak Group has restated its figures for H1 2020 and 2019 due to the loss …

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