3S HOLDING AS: årsregnskap 2019 vs 2018
Grew 13% on revenue, returned to profit
approved 2020-08-31; registry 2020-11-02; journal 2020 964436
Summary
What changed
Comparing Årsregnskap 2019 with 2018 for 3S HOLDING AS. Revenue 2.51m NOK → 2.85m NOK (+13.2%). Net result -1.39m NOK → +189.4k NOK. Equity 8.71m NOK → 8.90m NOK.
On the constructive side: revenue rose; turned profitable; equity strengthened.
Also worth watching: payroll increased; cogs fell; book investments changed. All figures are taken from the published annual accounts for 3S HOLDING AS.
At a glance
Scorecard
What improved
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Revenue rose
Operating income / revenue moved from 2.51m NOK to 2.85m NOK (+13.2% YoY). Calculated
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Turned profitable
Net result flipped from a loss of 1.39m NOK to a profit of 189.4k NOK. Calculated
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Equity strengthened
Book equity 8.71m NOK → 8.90m NOK (equity ratio 35.9% → 32.0%). Calculated
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Cash rose
Bank deposits 345.4k NOK → 2.10m NOK (+508.5% YoY). Calculated
Things to notice
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Payroll increased
Salary cost 2.22m NOK → 2.25m NOK (88% → 79% of revenue). Calculated
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COGS fell
COGS / varekostnad 60.69m NOK → 57.25m NOK (-5.7% YoY). Calculated
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Book investments changed
Investment / intangible book value 12.77m NOK → 13.08m NOK. Reported fact