(Alliance News) - Green Oleo Spa announced Thursday that its board of directors approved the half-year financial report, reporting a profit of EUR115,763.

Value of production is EUR34.6 million, of which EUR33.4 million related to sales revenue.

Ebitda for the period was EUR1.1 million while adjusted Ebitda was EUR3.1 million with a margin of about 8.9 percent.

Net financial debt as of June 30 was EUR19.9 million compared to EUR18.8 million as of Dec. 31, 2022.

Green Oleo's stock on Thursday closed 0.4 percent in the red at EUR1.19 per share.

By Chiara Bruschi, Alliance News reporter

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