Logicom Public LTD — Earnings Release 2023

Mar 4, 2024

LOGICOM PUBLIC LTD

	2023 €	2022 (adjusted) €
Turnover	1.308.770.110	1.163.916.551
Cost of sale	(1.215.486.502)	(1.074.222.110)
Gross profit	93.283.608	89.694.441
Other income	2.416.329	3.055.180
Other expenses	(2.860.000)	-
Expected credit losses	(817.682)	(2.154.434)
Administrative expenses	(55.095.939)	(52.195.380)
Profit from operating activities	36.926.316	38.399.807
Net profit/(loss) from exchange difference	662.170	(1.668.516)
Interests receivable	547.579	579.008
Interests payable and bank expenses	(14.825.029)	(8.708.292)
Net finance cost	(13.615.280)	(9.797.800)
Net share in profit from affiliated company after tax	26.680.671	2.548.181
Net share in (loss)/profit from joint ventures after tax	(1.436.188)	5.782
Profit before taxation	48.555.519	31.155.970
Taxation	(3.970.686)	(4.531.796)
Profit for the year after taxation	44.584.833	26.624.174
Profit for the year attributable to:
	45.173.069	26.570.147
Company's shareholders	(588.236)	54.027
Minority interest Profit for the year after taxation	44.584.833	26.624.174
Basic profit per share (cents)	60.98	35.87
Fully diluted profit per share (cents)	60.98	35.87