(Alliance News) - The management board of SS Lazio Spa has approved the consolidated half-year financial report as of December 31, 2022. The company closed with a loss of EUR21.5 million compared to the previous year's profit of EUR4.6 million in the same period.

Consolidated turnover stood at EUR67.0 million and decreased compared to the same period in the previous season by EUR4.5 million. This change is largely due to missed variable royalty fees on the sale of cryptocurrency by the parent company's main sponsor.

The value of production as of December 31, 2022-among other components-is made up of competition revenues of EUR6.8 million, TV rights and other Concessions of EUR46.1 million, sponsorships, advertising, royalties of EUR9.4 million, merchandising of EUR1.3 million, and other revenues and income of EUR3.4 million.

Gross operating income is negative EUR3.8 million from positive nearly EUR1.9 million last year.

Net financial debt was a negative EUR53.8 million with an increase of EUR7.8 million, compared to June 30, 2022, mainly due to a decrease in cash at banks.

The provision for employee benefits - formerly severance pay - of EUR1.6 million shows an increase of EUR100,000 compared to June 30, 2022.

SS Lazio closed Thursday's session in the green by 0.5 percent at EUR1.06 per share.

By Maurizio Carta, Alliance News reporter

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