Loulis Mills – Increase in sales in the first half – How prices of raw materials affected profits
Sales of 60.97 million euros, with an increase of 11.83% showed Loulis Mills at group level in the first half of this year compared to the first half of 2021, while at company level sales amounted to 54.25 million euros with an increase of 13%. Cost of sales increased by 17.63% for the group and by 19.09% for the company.
This increase in the cost of sales for the Group and the Company is mainly due to the increase in the acquisition cost of raw materials and ancillary materials in the domestic and global market as well as to the general increase in production costs.
The gross profit amounted to 9.92 million euros for the group and 8.69 million euros for the company reduced by 10.8% in both cases due to the general increase in the cost of production materials and the maintenance of sales prices. at the same levels.
The net profit for the period increased for the group to 1.44 million euros from 0.95 million euros in the first half of last year while for the company it amounted to 1.35 million euros from 1.12 million euros respectively. Earnings before taxes, financial and investment results (EBIT) were limited to 1.65 million euros for the group (from 2.7 million euros in the corresponding period last year) and to 1.45 million euros for the company (from 2 , EUR 6 million respectively). The EBIT margin was 2.71% for the group from 4.97% and for the company at 2.68% from 5.45% respectively.
Earnings before taxes, financial, investment results and depreciation (EBITDA) of the group amounted to 4.2 million euros from 5.15 million euros in the previous year and for the company amounted to 3.77 million euros from 4.8 million million respectively. The EBITDA margin decreased for the group to 6.9% from 9.45% and for the company to 6.95% from 10.08...