Interviews
SFG manufacturing & wholesale operations are growing
30 Aug '08
4 min read
In the first half of year 2008, the Group earned a net profit of EEK 32.1 million (EUR 2.1 million), representing a 56.6% decline compared to the first six months of 2007, and net margin reached 3.5% (9.5% in H1 2007).
In first six months of 2008, the Group's return on equity was 4.4% (down from 14.3% (normalised) in first 6 months 2007) and return on assets was 2.9% (down from 8.5% (normalised) in first six month of 2007).
The substantial increase in sales and the decline in profitability compared to first six months of 2007 are a function of the rapid expansion of the Group's retail network (as detailed below), and continues to be in line with the management's expectations.
At 30 June 2008, consolidated assets amounted to EEK 1,166.3 million (EUR 74.5 million), up from EEK 1,089.6 million (EUR 69.6 million) at 31 December 2007. The increases in both assets and liabilities are related mainly to retail expansion.
Trade receivables have increased by EEK 48.4 million (EUR 3.1 million).
Click here to read more details:
In first six months of 2008, the Group's return on equity was 4.4% (down from 14.3% (normalised) in first 6 months 2007) and return on assets was 2.9% (down from 8.5% (normalised) in first six month of 2007).
The substantial increase in sales and the decline in profitability compared to first six months of 2007 are a function of the rapid expansion of the Group's retail network (as detailed below), and continues to be in line with the management's expectations.
At 30 June 2008, consolidated assets amounted to EEK 1,166.3 million (EUR 74.5 million), up from EEK 1,089.6 million (EUR 69.6 million) at 31 December 2007. The increases in both assets and liabilities are related mainly to retail expansion.
Trade receivables have increased by EEK 48.4 million (EUR 3.1 million).
Click here to read more details:
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