(Alliance News) - OSAI Automation System Spa disclosed Thursday that it closed the first half of the year with a loss of EUR1.3 million from a profit of EUR480,000 in the same period last year.

As of June 30, revenues from sales were EUR16.8 million, up slightly from EUR16.6 million in the first half of 2022.

Ebitda stood at EUR990,000 in the period from EUR1.8 million as of June 30, 2022. Ebitda margin was 4.2 percent from 8.8 percent in the period.

Net financial debt as of June 30 stood at EUR26.3 million from EUR20.4 million as of Dec. 31, 2022.

OSAI Automation System closed Thursday 3.8 percent in the red at EUR2.05 per share.

By Claudia Cavaliere, Alliance News reporter

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