(Alliance News) - Sostravel.com Spa disclosed Thursday that the board approved the draft financial statements for the year ended Dec. 31, 2023, which closed with a net profit of EUR1.2 million, an improvement from the EUR616,000 loss in 2022, "mainly attributable to the fact that deferred tax assets were recognized on the amount of the current year's tax loss and pre-2022 tax losses," the company specified in the note.

Revenues reached EUR19.5 million, marking a 14 percent increase from EUR17.1 million recorded at the end of 2022.

Ebitda showed a significant improvement, standing at EUR461,000 compared to 2022, when it was EUR438,000.

Ebit reported negative EUR96,000,000 in strong improvement from negative EUR673,828 in December 2022.

Adjusted NFP was negative EUR27,000 compared to negative EUR761,000 as of June 30, 2023.

SosTravel.com closed Thursday's session in the red by 4.2 percent at EUR1.36 per share

By Maurizio Carta, Alliance News reporter

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