(Alliance News) - The board of directors of Centrale del Latte del Italia Spa on Friday approved the financial statements for fiscal year 2022, which closed with an operating profit of EUR154,000 from EUR2.3 million in the previous year.

Revenues amounted to EUR309 million from EUR283.4 million in the previous year. "Revenues related to Italy increased due to the combined effect of higher sales volumes and higher average selling price. Revenues related to Germany are up sharply due to the combined effect of an increase in dairy channels and the average transfer price," the company writes in the released note.

Ebitda was EUR19.7 million, a live deterioration from EUR22.1 million in the previous year.

Ebit was EUR2.7 million positive, down from EUR5.1 million in the previous year.

NFP deteriorated from negative EUR52.7 million to EUR58.7 million at the end of 2022. The NFP/equity ratio is less than 1.

Centrale del Latte on Friday trades in the green by 0.4 percent at EUR2.72 per share.

By Maurizio Carta, Alliance News reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.