(Alliance News) - The board of directors of GEL Spa on Wednesday announced that it has reviewed the unaudited turnover as of Dec. 31, 2022, which was approximately EUR17.2 million.

As of Dec. 31, 2022, total turnover is down 7.5 percent from the figure as of 2021, when it amounted to EUR18.6 million.

Despite the decrease in the industrial sector, which recorded a turnover of EUR2.2 million as of Dec. 31, 2022, the residential market remains solid with a turnover of EUR15 million as of Dec. 31, 2022.

On Wednesday, GEL closed unchanged at EUR1.77 per share.

By Claudia Cavaliere, Alliance News reporter

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