Detail akcie M DEVELOPMENT online

Business Summary: M Food SA is Poland-based holding company and a producer of honey. The Company manages the production assets and logistics of apiculture products- mainly honey. The Company divides its activity in to three segments: PRODUCTION OF RAW MATERIAL, DOWNSTREAM and RETAIL SALES. PRODUCTION OF RAW MATERIAL segment, control of raw material supply based on the Company's raw material production infrastructure; DOWNSTREAM segment includes: acquisition and contracting of raw materials from international markets, organization and management of the logistics and storage of raw materials on the basis of land and sea infrastructure, storage and packaging, organization and contracting markets for wholesale international markets. RETAIL SALES segment includes: sales organization of final products in the retail networks, infrastructure and logistics management, retail sales certificates.
Financial Summary: BRIEF: For the fiscal year ended 31 December 2023, M Food SA revenues decreased 40% to PLN115.4M. Net loss totaled PLN2.4M vs. income of PLN2.3M. Revenues reflect Sales of Products (Services) decrease of 14% to PLN178K. Net loss reflects Other Operating Income decrease of 39% to PLN3.2M (income), Interest Expense increase of 30% to PLN1.7M (expense), Salaries increase of 5% to PLN4.9M (expense).