Mitsides Public Company Ltd
ISIN
CY0100260419
Ticker
MIT
Sector
Sub-Industry
Country
Cyprus
Year Founded
1932
ISIN
CY0100260419
Ticker
MIT
Sector
Sub-Industry
Country
Cyprus
Year Founded
1932
It all started in 1932, when brothers Chrysostomos and Costas Mitsides bought a traditional stone mill in the old part of Nicosia. This was the beginning of an ongoing path of excellence and quality, which passed down from generation to generation. In the decades that followed, this small family business flourished into the largest and most experienced flour and pasta manufacturer in Cyprus.
Today Mitsides dominates the Cyprus market, enjoying an impressive 98% brand awareness on the island, and commanding equally impressive shares of around 40% and 50% in the local pasta and flour markets respectively. Moreover, Mitsides products are successfully spreading to overseas markets, earning international acclaim.
Worldwide
| Line item in (eur) | 01.01.2020 | 01.01.2021 | 01.01.2022 |
|---|---|---|---|
| Assets | N/A | 34,277,826.00 | 35,994,746.00 |
| Noncurrent Assets | N/A | 20,621,816.00 | 21,037,224.00 |
| Property Plant And Equipment | N/A | 16,162,845.00 | 16,498,493.00 |
| Investment Property | N/A | 3,260,231.00 | 3,262,879.00 |
| Noncurrent Financial Assets At Fair Value Through Other Comprehensive Income | N/A | 4,431.00 | 4,431.00 |
| Noncurrent Financial Assets At Amortised Cost | N/A | 5,461.00 | 2,898.00 |
| Inventories | N/A | 4,853,010.00 | 6,388,721.00 |
| Trade And Other Current Receivables | N/A | 6,790,987.00 | 7,642,101.00 |
| Current Prepayments | N/A | 97,452.00 | 50,989.00 |
| Current Tax Assets Current | N/A | 168,801.00 | 168,801.00 |
| Current Financial Assets At Amortised Cost | N/A | 359,324.00 | 347,261.00 |
| Cash and cash equivalents | N/A | 1,327,574.00 | 300,700.00 |
| Current Assets Other Than Assets Or Disposal Groups Classified As Held For Sale Or As Held For Distribution To Owners | N/A | 13,597,148.00 | 14,898,573.00 |
| Noncurrent Assets Or Disposal Groups Classified As Held For Sale | N/A | 58,862.00 | 58,949.00 |
| Equity And Liabilities | N/A | 34,277,826.00 | 35,994,746.00 |
| Equity | 14,834,634.00 | 14,499,074.00 | 14,293,629.00 |
| Issued Capital | N/A | 8,446,000.00 | 8,446,000.00 |
| Retained Earnings | N/A | -718,051.00 | -1,623,201.00 |
| Liabilities | N/A | 19,778,752.00 | 21,701,117.00 |
| Noncurrent Liabilities | N/A | 3,647,094.00 | 3,478,921.00 |
| Deferred Tax Liabilities | N/A | 2,219,443.00 | 2,372,867.00 |
| Longterm Borrowings | N/A | 1,218,772.00 | 783,842.00 |
| Current Liabilities | N/A | 16,131,658.00 | 18,222,196.00 |
| Trade And Other Current Payables | N/A | 4,094,120.00 | 6,096,697.00 |
| Current Tax Liabilities Current | N/A | 174,056.00 | 202,639.00 |
| Line item in (eur) | 01.01.2020/ 01.01.2021 |
01.01.2021/ 01.01.2022 |
|---|---|---|
| Revenue | 25,216,039.00 | 27,104,432.00 |
| Other Income | 123,220.00 | 118,383.00 |
| Other Gains Losses | 35,588.00 | -45,278.00 |
| Profit Loss From Operating Activities | 366,709.00 | -522,179.00 |
| Finance Costs | 471,298.00 | 443,667.00 |
| Profit Loss Before Tax | -104,589.00 | -965,846.00 |
| Income Tax Expense Continuing Operations | 230,883.00 | 109,066.00 |
| Profit (loss) | -335,472.00 | -1,074,912.00 |
| Profit Loss Attributable To Owners Of Parent | -335,472.00 | -1,074,912.00 |
| Line item in (eur) | 01.01.2021 | 01.01.2022 |
|---|---|---|
| Profit (loss) | -335,472.00 | -1,074,912.00 |
| Adjustments For Decrease Increase In Inventories | 1,070,705.00 | -1,535,711.00 |
| Adjustments For Unrealised Foreign Exchange Losses Gains | 38,387.00 | -92,106.00 |
| Cash Flows From Used In Operations | 1,690,337.00 | 227,260.00 |
| Cash Flows From Used In Operating Activities | 1,643,462.00 | 158,528.00 |
| Proceeds From Sales Of Property Plant And Equipment Classified As Investing Activities | 4,171.00 | 22,614.00 |
| Purchase Of Property Plant And Equipment Classified As Investing Activities | 200,094.00 | 203,654.00 |
| Cash Receipts From Repayment Of Advances And Loans Made To Other Parties Classified As Investing Activities | 4,652.00 | 2,563.00 |
| Dividends Received Classified As Investing Activities | 31.00 | 40.00 |
| Interest Received Classified As Investing Activities | 1,848.00 | 0.00 |
| Cash Flows From Used In Investing Activities | 2,218,587.00 | -193,130.00 |
| Proceeds From Borrowings Classified As Financing Activities | 65,265.00 | 804,007.00 |
| Repayments Of Borrowings Classified As Financing Activities | 1,219,380.00 | 1,558,586.00 |
| Payments Of Lease Liabilities Classified As Financing Activities | 182,618.00 | 215,296.00 |
| Interest Paid Classified As Financing Activities | 407,452.00 | 416,831.00 |
| Cash Flows From Used In Financing Activities | -1,744,185.00 | -1,386,706.00 |
| Increase (decrease) in cash and cash equivalents after effect of exchange rate changes | 2,117,864.00 | -1,421,308.00 |
| Cash and cash equivalents | 1,327,574.00 | 300,700.00 |
Please note that some sums might not add up.
CY0100260419
2138005KUVX6872XXY67
CSE General Index
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