The Company was established in Nicosia in 1964, manufacturing an extensive range of biscuits. The products were distributed in the local market by the Company‘s privately owned distribution network.
Within a few years the company became a market leader in the Cyprus biscuit market, and expanded to exporting its products to Europe, Middle East, Far East, Africa and America.
Gradually, the Company diversified to importing and distributing related products to its own, and later to a wider variety of goods.
Due to further expansion and diversification, the Company now operates a Manufacturing Division, an Exporting Division, an Importing Division, a Portfolio Investment Division and a Property Investment Division.
115, Grigori Afxentiou Avenue, Kokkinotrimithia Industrial Area, 2660 Nicosia – Cyprus
|Line item in (eur)||01.01.2020||01.01.2021||01.01.2022|
|Property Plant And Equipment||N/A||35,070,986.00||35,706,649.00|
|Investments In Subsidiaries||N/A||0.00||0.00|
|Noncurrent Financial Assets At Fair Value Through Other Comprehensive Income||N/A||19,854,160.00||25,022,130.00|
|Trade And Other Current Receivables||N/A||3,895,057.00||3,392,621.00|
|Trade And Other Current Receivables Due From Related Parties||N/A||0.00||0.00|
|Current Tax Assets Current||N/A||59,152.00||110,833.00|
|Cash and cash equivalents||N/A||1,312,589.00||1,064,728.00|
|Equity And Liabilities||N/A||82,926,228.00||87,660,088.00|
|Deferred Tax Liabilities||N/A||3,692,171.00||3,655,504.00|
|Current Tax Liabilities Current||N/A||333,478.00||113,547.00|
|Line item in (eur)||01.01.2020/
|Profit Loss From Operating Activities||1,805,153.00||854,945.00|
|Profit Loss Before Tax||1,523,819.00||299,197.00|
|Income Tax Expense Continuing Operations||173,665.00||36,979.00|
|Line item in (eur)||01.01.2021||01.01.2022|
|Adjustments For Income Tax Expense||173,665.00||36,979.00|
|Adjustments For Decrease Increase In Inventories||138,781.00||-142,304.00|
|Cash Flows From Used In Operations||3,844,378.00||2,513,053.00|
|Interest Paid Classified As Operating Activities||144,893.00||168,562.00|
|Cash Flows From Used In Operating Activities||3,552,974.00||1,954,658.00|
|Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities||9,098.00||13,802.00|
|Purchase Of Property Plant And Equipment Classified As Investing Activities||1,813,126.00||1,941,687.00|
|Purchase Of Intangible Assets Classified As Investing Activities||161,376.00||64,350.00|
|Dividends Received Classified As Investing Activities||545,386.00||862,016.00|
|Interest Received Classified As Investing Activities||0.00||0.00|
|Cash Flows From Used In Investing Activities||-806,861.00||-2,227,346.00|
|Dividends Paid Classified As Financing Activities||270,000.00||630,000.00|
|Cash Flows From Used In Financing Activities||730,832.00||-2,293,666.00|
|Increase (decrease) in cash and cash equivalents after effect of exchange rate changes||3,476,945.00||-2,566,354.00|
|Cash and cash equivalents||1,312,589.00||1,064,728.00|
Please note that some sums might not add up.
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