(Alliance News) - The board of directors of Caltagirone Spa on Friday reviewed and approved the draft financial statements for the year ended Dec. 31, 2022 reporting revenues up 23 percent as they rose to EUR1.99 billion from EUR1.62 billion. The board also proposed a dividend of EUR0.15 up from EUR0.10 in 2021.

Net income amounts to EUR217.4 million up 18 percent from EUR184 million in 2021.

Ebitda is EUR349.3 million up 6.3% from EUR328.6 million in 2021.

Total shareholders' equity is EUR2.54 billion up from EUR2.26 billion in the previous year, of which EUR1.36 billion is attributable to the group, which compares with EUR1.23 billion in the previous year.

As for the future, in the cement sector the group expects to achieve higher results than in 2022 in terms of both revenues and gross operating margins and net financial assets.

In the publishing sector, Caltagirone will "continue initiatives to enhance multimedia versions and improve internet activities aimed at increasing new advertising flows and acquiring new readers," as specified in a note.

In the large works sector, it will continue the activity of participating in tenders with the aim of increasing and diversifying the portfolio of works, taking care to ensure an adequate marginality of the orders acquired.

Caltagirone on Friday closed in the green by 2.6 percent at EUR3.90 per share.

By Chiara Bruschi, Alliance News reporter

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