Sostravel.com uploaded a News Release
September 28, 2021
The board approves the half-year financial report as of 30 June 2021
- Total Revenues were equal to 728 thousand Euro, an improvement of 40.9% compared to the figure of 30 June 2020 which was equal to 517 thousand Euro due to the attainment of approximately 357 thousand Euro in grants
- EBITDA was equal to -25 thousand Euro, a strong improvement compared to the figure of 30 June 2020 of -522 thousand Euro due to the strong decrease in management costs (including personnel at -39.6%) and the attainment of the aforementioned grants
- EBIT was equal to – 693 thousand Euro, an improvement compared to the figure as of 30 June 2020 equal to – 1,086 thousand Euro despite allocations for risks equal to approximately 202 thousand Euro
- Net INCOME of -714 thousand Euro (which does not include prepaid taxes)
- Positive NFP (cash) was equal to 1,715 thousand Euro, an improvement compared to the same figure as of 31 December 2020 and equal to 456 thousand Euro