(Alliance News) - SosTravel.com Spa reported Thursday that it closed the first seemstre with a nearly breakeven net loss of EUR3,000 from a EUR428,000 loss a year earlier.

Revenues increased to EUR5.5 million from EUR4.6 million while Ebitda was positive EUR306,000 from the negative EUR82,000 figure a year earlier.

Ebit is also in profit, rising to EUR13,000 from the negative figure of EUR345,000 as of June 30, 2022.

Sostravel.com's adjusted net financial debt is positive and is EUR761,000, an improvement from the December 31, 2022 figure of EUR29,000, mainly due to the increase in Ebitda in the first half of the year. The adjustment relates to the inclusion of the November 2022 loan to Trawell Co. Spa of EUR700,000 and security deposits of EUR240,000.

SosTravel.com's stock closed Thursday up 1.7 percent at EUR1.22 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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