(Alliance News) - The board of directors of Caltagirone Editore Spa announced Tuesday that it has approved the draft financial statements for the year ended Dec. 31, 2022, which closed with a group net profit was EUR7 million, down from the EUR28.7 million profit in 2021. The board of directors resolved to propose a dividend of EUR0.03 for each of the 106.8 million outstanding shares.

Revenues amounted to EUR118 million from EUR122.7 million in the previous year, down 3.8 percent due to a decline in publishing revenues partly mitigated by growth in other revenues.

EBITDA was positive EUR4.5 million from EUR15.5 million as of December 31, 2021.

Operating income was negative EUR13.6 million from positive EUR8.3 million as of December 31, 2021.

Income from financial operations was positive EUR16.8 million from positive EUR13.1 million in 2021.

Net financial position was EUR58,000, down sharply from the December 31, 2021 figure of EUR45.2 million mainly due to net investments in listed shares and Italian government bonds of EUR56.7 million and dividends paid of EUR3.2 million, net of dividends received on listed shares of EUR17.5 million.

Caltagirone Editore closed Tuesday down 0.8 percent to EUR0.99 per share.

By Claudia Cavaliere, Alliance News reporter

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