(Alliance News) - IRCE Spa on Wednesday reported results for the first half of the year in which profit was EUR4.9 million from EUR4.2 million in the same period of 2022.

Consolidated sales stood at EUR218.9 million from EUR261.0 million as of June 30, 2022.

Ebitda was EUR11.4 million from EUR8.5 million in the first half of last year.

Ebit amounted to EUR7.6 million up from EUR4.8 million as of June 30, 2022.

Net financial position as of June 30 amounted to EUR66.2 million, up from EUR60.1 million as of Dec. 31, 2022, a consequence of increased working capital.

IRCE on Wednesday closed down 1.4 percent to EUR2.19 per share.

By Claudia Cavaliere, Alliance News reporter

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