(Alliance News) - Next Re SIIQ Spa announced Tuesday that it reported a loss of EUR5.8 million in the first nine months of the year, worsening that of EUR300,000 in the same period last year.

As of Sept. 30, consolidated Ebitda was negative EUR1.3 million from negative EUR700,000 in the previous year.

Total consolidated financial debt was EUR57.4 million in the first nine months compared to EUR53.2 million as of Dec. 31, 2022.

Net loan to value as of September 30 was 43 percent compared to 39 percent as of December 31, 2022.

Consolidated net operating income, margin of rental income and real estate operating costs, is EUR3.7 million and includes rental income of EUR4.7 million and real estate-related costs of EUR1 million.

Next Re closed, Tuesday, unchanged at EUR3.24 per share.

By Claudia Cavaliere, Alliance News reporter

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