Brown’s Pharma Holdings plc
reports consolidated financial statements for the year ended 31st December 2021
“2021 results exceed expectations, reflecting a strong operational performance as the Group benefited from Malta’s gradual post-Covid return to normality.”
Year End Highlights
- Net Profit for the financial year of €2,519,684, a 101% increase over the €1,255,118 registered in 2020
- Revenue of €31,159,505, a 26.65% increase on 2020
- A Gross Profit margin of 33% versus 2020’s 29%
- Net Cash generated from operating activities of €3,895,911, an increase of 58% on 2020
Chief Executive Officer Alexander Fenech said, “Our year end results exceeded expectations, reflecting a strong operational performance as the Group benefited from Malta’s gradual post-Covid return to normality. Credit goes to the Group’s management team and our super-star frontliners and back-office crew for their unwavering commitment to serve our customers notwithstanding the difficult circumstances created by the pandemic.”