(Alliance News) - UCapital24 Spa reported that it closed the first half with a value of production of EUR800,000, which compares with the EUR1.1 million figure for the first half of the previous year.

Consolidated Ebitda is negative EUR230,000 compared to the negative figure of EUR366,000 in the first half of 2022, making an improvement of 37 percent, while operating loss narrows to EUR413,000 from EUR774,000 operating red in the previous year.

By contrast, the net loss widens to EUR936,000 from EUR777,000 a year earlier.

Consolidated net financial position shows debt of EUR674,000 compared to consolidated cash of EUR71,000 as of Dec. 31, 2022.

UCapital24 trades in the green by 0.4 percent at EUR0.49 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.