(Alliance News) - Monrif's board Monday approved the financial report for the first half of the year, which ended with consolidated revenues are EUR71.7 million compared to EUR74.8 million in the same period of 2022.

"As of June 30, consolidated revenues included, totaling EUR3.7 million, revenues related to one-time contributions received from the hotel business

and revenues related to the Royal Garden Hotel, which was sold by the Group at the end of 2022," the company note specified.

EBITDA is positive at EUR5 million compared to the EUR4.7 million recorded as of June 30, 2022.

The consolidated net financial position shows a debt of EUR52.3 million compared to EUR54.3 million as of Dec. 31, 2022.

"The directors, therefore, continue to constantly monitor the evolution of the reference markets and the macroeconomic and geopolitical scenario in order to promptly intervene with cost containment measures," Monrif wrote in the company note.

Monrif on Monday trades in the green by 2.8 percent at EUR0.059 per share

By Maurizio Carta, Alliance News reporter

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