(Alliance News) - e-Novia Spa reported Wednesday that it closed the first half of the year with a loss of ERU5.2 million compared to a loss of EUR5.7 million in the same period last year.

Value of production rose to EUR6.1 million from EUR5.8 million, with revenues from sales of products and services down to EUR2.8 million from EUR3.5 million but with the figure rising to EUR4.4 million from EUR3.5 million with the addition of contract work in progress.

Ebitda is negative EUR4.9 million from the negative EUR4.8 million figure for the same period a year earlier.

Net financial position is negative EUR8.0 million, a deterioration from the previous year-end, when the figure showed a net cash position of EUR1.4 million. The group's net exposure to banks decreases by approximately EUR2 million. Financial receivables are reduced due to the adjustment of the reserve for interest rate hedging derivative contracts.

e-Novia's stock closed Wednesday unchanged at EUR6.45 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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