The Market Supplying Faro (MARF) had, in 2019, a net profit of 634,5 thousand euros, which corresponds to a net margin on operating income of 40% and a return on equity of 5,6%. Figures that, according to the administration, confirm "its operational profitability and the solidity of its financial structure".
In 2019, there was also a reduction in the net financial debt of 32,3%, when compared to the previous year. of this agri-food distribution and logistics platform that serves the entire Algarve region and which has the municipality of Faro among its shareholders.
Regarding the figures for the second quarter of this year, «a period in which the country and the world are going through a crisis caused by Covid-19», the MARF highlights an investment of 660,8 thousand euros, of which 657 thousand euros correspond to the contract for the construction of the new DPD/Chronopost building.
In this second quarter, net income was 255,5 thousand euros, corresponding to a return on equity (annualized) of 4,4% and a net margin on operating income of 32,8.
MARF,SA also presented positive operating margins of 62,3% and 42,6% in terms of EBITDA and EBIT, respectively, with EBITDA reaching 486,4 thousand euros and EBIT growing by 336,8 thousand euros .
The company's operating activity generated, in the second quarter of 2020, a positive net flow of 419 thousand euros.
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