(Alliance News) - The board of directors of Friulchem Spa on Friday approved the financial statements as of December 31, 2023, which closed with a net profit of EUR370,000 in 2023 compared to EUR7,000 in 2022.

Value of production as of December 31, 2023 is EUR30.9 million, down from EUR35.6 million as of December 31, 2022.

Sales revenue is EUR26.6 million, down 22 percent from EUR34.2 million as of December 31, 2022.

Ebitda as of December 31, 2023 is EUR1.5 million basically in line with the same period last year and with an Ebitda margin of 4.9% from 4.5% in 2022).

Ebit was EUR640,000 compared to EUR510,000 at the end of 2022, with an Ebit margin of 2.1% from 1.4% in 20.

Net financial position as of Dec. 31, 2023 is EUR8.6 million, a deterioration from last year when it was EUR3.1 million.

Friulchem closed Friday's session in the green by 2.6 percent at EUR1.00 per share.

By Maurizio Carta, Alliance News reporter

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