Simonds Farsons Cisk plc approved the annual report and consolidated financial statements for the financial year ended January 31, 2021 and resolved to propose the same for the approval of the shareholders at the forthcoming Annual General Meeting to be held on June 24, 2021.

Statement of profit or loss

Revenue

2020	2021	% Change
€103.5 million	€73 million	-29.5%

Profit before tax

2020	2021	% Change
€12.3 million	€4.4 million	-64.2%

Operating Profit

2020	2021	% Change
€13.7 million	€5.7 million	-58.4%

Earnings per share

2020	2021	% Change
€0.396	€0.111	-72%

Statement of financial position

Total assets

2020	2021	% Change
€188 million	€187 million	-0.5%

Total liabilities 

2020	2021	% Change
€71.7 million	€67.4 million	-6%

Dividends

The view of the Board is that as much as it would like to propose a final dividend to the forthcoming Annual General Meeting, it would be prudent to await developments – and to see what happens over the coming summer months in Malta and across Europe. Shareholders can rest assured that appropriate dividend distributions will be resumed immediately it is judged prudent to do so.

Outlook

There is reasonable expectation that the Group and the parent Company have adequate resources to continue operating for the foreseeable future.

 

Click here to download the full financial statement.