(Alliance News) - The following stocks are the best and worst performers on Italy Growth on Friday afternoon in Piazza Affari.
Take Off rises 12 percent after announcing Monday that in the first half of the year it reported net income of EUR500,000 down from EUR1.4 million in the same period a year earlier, down 65 percent. Revenues in the period amounted to EUR15.5 million, up 20 percent from EUR12.9 million as of June 30, 2022.
Nusco also marks a 12 percent rise. The company reported Thursday that it ended the first half of the year with revenues of EUR24.6 million and value of production of EUR24.6 million. Material profit was EUR9.9 million, contribution margin EUR6.9 million, and adjusted Ebitda EUR2.9 million
Green Oleo is among the worst performers, giving up 11 percent after announcing Thursday that the board of directors approved the half-year financial report reporting a profit of EUR115,763. The value of production is EUR34.6 million of which EUR33.4 million relates to sales revenue.
Cofle also hurt, losing 9.5 percent after the accounts. It reported Thursday that it ended the first half of the year with revenues up to EUR29.5 million from EUR27.5 million in the same period last year. Net income, however, fell to EUR800,000 from EUR3.4 million, affected by high inflation in Turkey, which generated higher personnel costs of about EUR1 million and hyper-inflation charges of about EUR1.8 million.
By Chiara Bruschi, Alliance News reporter
Comments and questions to firstname.lastname@example.org
Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.