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

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WINNERS

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Illa is also registering a theoretical rise of 50 percent today on the heels of yesterday's increase, with the market seeming to forget the controversy surrounding the company's convertible bonds that also led the Consob to intervene.

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Erfo Pharmaceutical Laboratory rises 9.4 percent. Last week, the SME reported that it ended last year with pro forma revenues of EUR6.0 million, up about 18 percent from EUR5.1 million as of Dec. 31, 2021. Consolidated revenues were EUR5.0 million, in line with 2021. Adjusted Ebitda as of December 31, 2022 was EUR1.8 million, or 36 percent of value of production, broadly in line with the previous year. The Ebitda adjustment, the company explains, "is given by advertising costs of an extraordinary nature and "start-up" costs for the new Medical Division line that were not capitalized." The total adjustment is EUR160,000.

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LOSERS

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Fenix Entertainment gives up 8.8%, with the stock currently suspended. The stock is down 31% in the last month, 58% in the last six months, and 79% in the last year.

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Also hurting is 4AIM Sicaf, in the red by 8.8 percent after reporting a net loss of EUR4.7 million for 2022 while a year earlier profit was nearly EUR4.0 million. The company reported an improvement in the fourth quarter of EUR1.3 million due, on the one hand, to profits from sales of about EUR1.1 million on Finlogic shares, which were subject to a takeover bid, and, on the other hand, to the improvement, albeit slight, in the EGM market. The unit value of Sub-fund 1 shares is EUR394.8 from EUR490.2 as of Dec. 31, 2021.

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By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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