13th Aug 2021 15:52
LEI Number: 254900VQRXK46UEV8Y97
MRG Finance UK plc
London, Monaco Resources Group SAM, the guarantor and the parent company of MRG Finance UK plc ("the Issuer"), published its results for the half year ended 30th June 2021 on August 13th 2021.
The 2021 half year report is available at https://monacoresources.com/investor-area/
Key Highlights for half year 2021
· Group revenue increased to EUR 709 million (versus EUR 585 half year 2020), continuing on a solid growth trajectory
· Gross Profit increased to EUR 170 million (versus EUR 158 million half year 2020)
· EBITDA increased to EUR 90 million (versus EUR 83 million half year 2020)
· The Group maintains a strong liquidity position with EUR 284 million of cash and cash equivalents
The Group's subsidiaries were above budget for the first half of 2021 and are expected to continue to outperform during the year, driven by an increase in business activity and benefiting from their diverse, resilient and risk adverse business models.
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