(Alliance News) - The board of directors of 4AIM SICAF Spa on Monday approved the quarterly financial report as of March 31, which closed with a loss of EUR1.0 million from EUR1.9 million loss in the same period last year.

Overall, the investment management result was a loss of EUR700,000, of which EUR955,000 or so was attributable to "Portfolio 1 MTF" and EUR290,000 was attributable instead to "Portfolio 2 Crowdfunding.

Consolidated revenues amounted to EUR28.0 million compared to EUR23.4 million in the same period last year.

Other revenues included advisory fees of EUR340,000 related to a successful advisory transaction aimed at listing on the Euronext Growth Milan market.

Giovanni Natali - managing director of 4AIM SICAF - commented, "Our outlook regarding EGM, although interlocutory, is imported to an increasingly cautious optimism and we are very satisfied with the listing of Cube Labs in which 4AIM acted as financial advisor."

4AIM SICAF closed Monday's session in the green by 0.3 percent at EUR174.00 per share.

By Maurizio Carta, Alliance News reporter

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