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 six months ended 30 June 2024, M Food SA revenues decreased 22% to PLN54.7M. Net loss totaled PLN1.5M vs. income of PLN30K. Revenues reflect Sales of Products (Services) decrease of 46% to PLN338K. Net loss reflects Other Operating Income decrease of 90% to PLN256K (income), Other Financial Income decrease of 67% to PLN383K (income), Interest Expense increase of 17% to PLN901K (expense).