Demetra Holdings Plc

Earnings Release • Feb 29, 2024

DEMETRA HOLDINGS PLC

Preliminary Consolidated Financial Results of the Group for the year ended 31 December 2023

PRELIMINARY RESULTS

On 29 February 2024, the Board of Directors of Demetra Holdings Plc (the "Company") approved the preliminary consolidated financial results of the Group for the year ended 31 December 2023 as follows:

	2023	2022
	€	(adjusted)
		€
Income
Income from dividends	871.643	749.394
Income from interest	213.788	218.282
Income from rents	990.108	968.191
Profit from sale and revaluation of land and property	1.385.119	-
Profit from financial assets at fair value through profit and loss	8.503.301	2.558.248
	11.963.959	4.494.115
Operating expenses	(1.601.115)	(1.559.724)
Loss from sale and revaluation of land and property	-	(658.632)
Reversal of provision of expected credit losses	76.714	103.596
Finance costs	(499.354)	(315.324)
Recognition of negative goodwill	-	2.104.764
(Provision)/Reversal of provision for share in loss from affiliates - Verendrya	(588.236)	54.027
Share in profit from affiliates-Hellenic Bank	77.940.033	4.485.851
Profit before taxation	87.292.001	8.708.673
Taxation	(205.488)	(105.766)
Net profit for the year attributable to shareholders	87.086.513	8.602.907
Basic and fully diluted profit per share - cents	43.54	4.30
Net asset per share - cents	184.29	139.53