(Alliance News) - Alfio Bardolla Training Group Spa approved its half-year report as of June 30 on Wednesday, reporting a loss of EUR70,320, which compares with a loss of EUR497,000 in the first half of 2022.

Revenues amounted to EUR9.1 million, up 23 percent - thanks mainly to the parent company - compared to EUR7.4 million in the same period last year. The company reports, in this regard, the growth resulting from the Wake Up Call product, amounting to 21 percent, which is driving the parent company's revenues.

Ebtida, on the other hand, amounted to EUR1.6 million - with a margin of 17 percent - which compares with EUR900,000 in the same period of 2022, thus growing by 82 percent. "The growth recorded stems from the ability to manage and control structural costs in the face of increased revenues," the company commented in a note.

Net financial debt is cash positive and stands at EUR700,0000, essentially unchanged from December 31, 2022, against already incurred investments of EUR1.7 million.

Equity stands at EUR4 million, compared to EUR4.2 million as of December 31, 2022.

Alfio Bardolla Training Group's stock gives up 0.5 percent to EUR2.14 per share.

By Chiara Bruschi, Alliance News reporter

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