Get news on Viber
Reports from domestic companies are always an interesting read for the business community, as well as for the wider public. How did the companies operate, what were the working conditions like, where did they go wrong, could they have done more… The joint-stock company Slaughterhouse with a fridge from Strumica has published a six-month report on its operations, and interesting data can be uncovered from it.
One general conclusion that can be drawn is that in the first half of this year, the company made much less profit than expected.
Financial Analysis of Company X
In the same period last year, the main reason for the decrease in profit was not due to poor performance or decreased revenue, but rather because expenses significantly increased in its operations. This company ended the period from January to August with a net profit of only 65 thousand euros, compared to the same period last year when the profit was 319 thousand euros. This means that the profit decreased by a whopping 80 percent.
Let’s take a look at the Income Statement to understand why this happened. Sales revenues are excellent, totaling 3.73 million euros in just six months. However, expenses, particularly in areas such as marketing and operations, have skyrocketed, leading to a sharp decline in overall profit.
Increased Sales Revenue in Domestic and Foreign Markets
During the same period last year, sales revenues have increased by 14%. While domestic market sales have slightly decreased, foreign market sales have shown a significant increase.
Services for collecting goods and selling meat were provided in the domestic market for a total of 1.1 million euros, which is a good amount, although it represents a slight decrease of 7% compared to the same period last year. However, revenues from foreign market sales have significantly increased.
The company has generated 2.63 million euros from sales in foreign markets, which is a considerable improvement compared to the same period last year. The growth in foreign market sales has contributed to the overall increase in sales revenue for the company.
Increasing Profits by 25%
A company recently announced a significant increase in profits, boasting a 25% growth in revenue. The key to their financial success? Exporting domestic lamb to foreign markets.
“AD Slaughterhouse with a cold storage facility in Strumica exported fresh lamb to Croatia, investing in modernizing the processing and packaging space within the slaughterhouse as a contemporary way of selling meat,” the company stated in their press release.
In fact, the majority of this company’s revenue comes from lamb exports, accounting for almost all of their income at a total of 2.63 million.
The Impact of Lamb Exports on Easter Celebrations
Millions of euros were lost due to the fact that it was difficult to find lamb meat for Easter celebrations in the country, and the prices were extremely high. The reason behind this is that a large portion of the lambs were exported, specifically to Croatia.
However, the company incurred significant costs, with expenses for sold products and services amounting to 3.67 million euros. This led to a low profit for this shareholder company in the first six months of the year.
