(Alliance News) - Eurotech Spa reported that it has approved consolidated revenues at EUR24.9 million from EUR17.4 million as of March 31, 2022, up 46 percent.

Profit amounted to EUR100,000 from a loss of EUR2.4 million in the first quarter of 2022.

Consolidated first margin stands at EUR11.7 million from EUR7.1 million in last year's first quarter.

Consolidated Ebitda is EUR1.6 million from a negative EUR1.0 million as of March 31, 2022.

Ebit is EUR400,000 from a negative EUR2.2 million in 2022.

Net financial position has a net debt of EUR16.5 million from EUR14.4 million as of Dec. 31, 2022.

Eurotech closed Monday up 0.2 percent to EUR2.88 per share.

By Claudia Cavaliere, Alliance News reporter

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