(Alliance News) - Iniziative Bresciane Spa reported Friday that it closed the first half of the year with revenues of EUR13.4 million, up from EUR7.9 million in the same period last year.

Ebitda rose to ERU10.1 million from EUR4.6 million, with a 75% margin. Net income, on the other hand, flew to EUR3.6 million from EUR400,000 in the previous year.

Net financial debt of EUR103.8 million is in line with that as of December 31, 2022, with a different structuring: decrease in cash and cash equivalents by about EUR8.2 million; decrease in current financial debt by about EUR900,000; decrease in non-current financial debt by about EUR7.4 million. The company points out that dividends of about EUR800,000 were paid out in May.

Iniziative Bresciane's stock closed Friday unchanged at EUR14.70 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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