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Net profit more than doubled in 2023, dividend €0.55 | TheGreekDeal.com
Alpha Trust Holdings
Net profit more than doubled in 2023, dividend €0.55
Alpha Trust: 161.55% increase in net profit in 2023.
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Phaedon Tamvakakis, CEO Alpha Trust

In the year 2023, Alpha Trust Holdings showed an increase in all key figure, as follows: The turnover for the year 2023 amounted to € 8.47 million compared to € 7.03 million for the previous year, showing an increase of 20.48%.

EBITDA for the year 2023 amounted to € 2.15 million compared to € 1.15 million for the previous year, showing an increase of 86.02%.

Profits after tax from continuing operations for the year 2023 amounted to €1.34 million compared to €0.51 million of the previous year, showing an increase of 161.55%.

The key indicators for the Group are as follows: • Gross Profits Margin: 64.83% • Margin EBITDA: 25.43% • Profit margin before taxes: 21.22% • Net Profit Margin: 15.90% • Return on Assets: 12.47% • Return on Equity: 18.65%

Commenting on the financial results for the fiscal year 2023, Chairman Mr. Phaedon Tamvakakis noted: "The year has been positive for our clients, staff and shareholders. The transformation of the company with the spin-off of the funds management business was successfully completed, offering the opportunity to expand the activities and strengthen the core thanks to the flexibility that such a new structure offers. At the same time, the renewal of the workforce as well as the significant technological upgrade that affected the results over the last five years were completed. The proposal for an increased dividend reflects the management's view on the further development of the Group."

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