(Alliance News) - Next Re SIIQ Spa on Thursday reported that it closed the first quarter with a loss of EUR2.6 million compared to a loss of EUR600,000 as of March 31, 2022.

Consolidated Ebitda is negative EUR2.5 million from negative EUR200,000 in the same period last year.

Consolidated shareholders' equity was EUR83 million from EUR85.9 million as of December 31, 2022.

Net Loan Value as of March 31 was 43% compared to 39% as of December 31, 2022.

Consolidated Net Operating Income, margin of rental income and real estate operating costs, is EUR1 million and includes rental income of EUR1.5 million and real estate-related costs of EUR500,000.

On Thursday, Next Re closed flat at EUR3.36 per share.

By Claudia Cavaliere, Alliance News reporter

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