(Alliance News) - Monrif Spa on Monday approved its results as of March 31, 2023, reporting consolidated revenues of EUR35.3 million in the first quarter, an improvement from EUR33.5 million in the same period of 2022, up 5.0 percent.

Loss amounted to EUR2.3 million improving from a loss of EUR4.1 million in the first quarter of 2022.

Ebitda amounted to EUR1.5 million compared to a negative EUR600,000 recorded as of March 31, 2022.

Ebit is negative EUR466,000 from a negative EUR2.9 million in Q1 2022.

Consolidated Net Financial Position calculated net of the effect represented by IFRS 16, shows a debt of EUR54.1 million compared to EUR54.6 million as of December 31, 2022.

Monrif's stock is in the green by 2.3 percent at EUR0.061 per share.

By Chiara Bruschi, Alliance News reporter

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