(Alliance News) - The board of directors of Intred Spa on Thursday reviewed turnover as of June 30, which amounted to EUR24.5 million, up 7.3 percent from the same period last year.

The increase in turnover was mainly supported by sales of fiber optic connections, up 12 percent from the same period last year.

The growth was mainly due to services with recurring fees, the company's core business, which accounted for about 86 percent of revenues, or EUR20.8 million.

Intred closed Thursday's session in the green by 2.2 percent at EUR11.50 per share.

By Maurizio Carta, Alliance News reporter

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