(Alliance News) - The board of directors of Autostrade Merididionali Spa has approved the financial report as of March 31, which ended with a loss for the period of EUR556,000 compared to the first quarter 2022 profit of EUR8.9 million.

Total revenues as of March 31, 2023 amounted to EUR140,000 and included mainly contingent assets. Last year in the same period the figure was EUR29.9 million.

Net labor costs amounted to EUR260,000, and includes the cost incurred in the first quarter of 2023 for the three employees on the company's payroll as well as for seconded staff and directors' compensation.

Ebitda in Q1 2023 is negative EUR624,000 compared to positive EUR12.1 million in Q1 2022.

Ebit is negative EUR628,000 from EUR13.8 million last year.

Autostrade Meridionali on Thursday closed 6.0 percent in the red at EUR11.70 per share.

By Maurizio Carta, Alliance News reporter

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