(Alliance News) - Società Editoriale Il Fatto Spa reported Thursday that it closed out 2023 by reducing its loss to EUR2.4 million from a EUR4.3 million liability in 2022.

Revenues increased to EUR29.3 million from EUR28.0 million in the previous year.

Ebitda rose to EUR2.3 million from EUR404,000, with margin of 6.5 percent from 1.2 percent. Operating loss improved to EUR3.1 million from EUR5.5 million and pre-tax loss increased to EUR3.3 million from EUR5.6 million.

Net financial debt amounted to EUR3.1 million and consisted mainly of EUR465,000 in current financial receivables and EUR2.5 million in current financial payables, repayable in the 12 months following the end of the financial year, net of the portion of bank loans due beyond the year of EUR1.1 million.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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