(Alliance News) - The following stocks are the best and worst performers on Italy Growth Monday afternoon in Piazza Affari.

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WINNERS

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ILBE does best of all and rises 15 percent to EUR0.66 per share. The company disclosed that it has increased its profit in 2023 to EUR4.7 million which shows an increase of EUR1.2 million compared to the same period 2022 of EUR3.5 million. It also announced that it has closed a deal with Voltage to executive produce the film "Stolen Girl," a thriller directed by James Kent and written d by Rebecca Pollock and Kas Graham, inspired by a true story. The total budget for the work is around EUR25 million and most of the production will take place in Italy with significant spin-offs in the area, including in terms of employment.

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Allcore also does well, up 5.7 percent to EUR1.85 per share. The result contrasts with the stock's downtrend, which has seen it give 2.6% in the last month, 12% in the last six and 27% in the last 12.

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LOSERS

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Frendy Energy sits on the bottom, leaving 9.6 percent on the parterre at EUR0.20 per share. The company last week reported that it ended 2023 with a net profit of EUR239,000, which compares with a loss of EUR3.3 million in the previous year.

Revenues rose to EUR1.8 million from EUR1.2 million, and this increase was driven by increased water availability, especially in the second half of the year, which allowed the Group to increase production by about 3 GWh compared to the previous year.

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Also going down is Impianti, in the red by 6.7 percent to EUR0.36 per share. The company on Friday reported that its board of directors reviewed its financial statements as of December 31, 2023, in which it reported a loss of EUR1.3 million, compared to a loss of EUR54,000 as of December 31, 2022. The value of production stood at EUR7.8 million compared to EUR10.4 million in the previous year, a decrease of about 26 percent.

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By Claudia Cavaliere, Alliance News reporter

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