Main Street Complex plc – Approval of Financial Statements

Main Street Complex plc approved the audited financial statements for the financial year ended December 31, 2020. The Annual General Meeting shall be held on May 26, 2021.

Statement of profit or loss

Revenue

2019 2020 % Change
€819,540 €517,469 -37%

Profit before tax

2019 2020 % Change
€516,328 €224,102 -56%

Operating profit

2019 2020 % Change
€517,380 €225,322 -56%

Earnings per share

2019 2020 % Change
€0.02 €0.007 -65%

Statement of financial position

Total assets

2019 2020 % Change
€13.4 million €13.3 million -1%

Total liabilities 

2019 2020 % Change
€1.8 million €1.6 million -10%

Dividends

In light of the prevailing circumstances, the board is adopting a prudent approach in so far as the recommendation to declare a final dividend is concerned. In this regard, the board has formulated the view that in this period of uncertainty, it would be prudent and in the best interests of the company not to recommend the declaration of a final dividend for the financial year ended December 31, 2020.

Outlook

In response to rising infection rates, in March 2021 Government once again issued directives which resulted in the closure of Main Street Complex. The company’s strong financial position and absence of debt has this far enabled the company to manage this adverse situation. However, results for 2021 are understandably expected to remain below normal levels.

Click here to download the full financial statement.