Turnover of 300 million euros was recorded in the past year. The gross margin for the organisation has reduced to 55.3 million euros. Net profit before taxes amounts to
7.4 million euros, net profit after taxes amounts to 4.7 million euros.
This year, together with our joint venture partner, we have provided additional capital to Mahindra-HZPC in order to finance growth. We have also invested in the modernisation of our Enterprise Resource Planning (ERP) infrastructure and in a new roof for the ZOS building, complete with solar panels. These investments have taken place alongside our annual investments in ICT and R&D. Our invested capital at the end of the financial year 2017/2018 was EUR 33.5 million, an increase of EUR 1.0 million.
Huge changes have affected financing and the financing structure this year. In the financial year 2017/2018, we repaid all of the growers’ deposits. To compensate, the company expanded its facility with the bank. The solvency is reduced from 41.1% in 2016/2017 to 40.2% in 2017/2018. The current ratio was 1.2 and the quick ratio was 1.2.