Solutions Capital Management SIM, improves loss in the first half of the year

(Alliance News) - Solutions Capital Management SIM Spa on Tuesday reported that it improved its loss in the first half of the year to EUR240,000 from EUR580,000 in the same period last year.

Net interest and other banking income in the period stood at EUR1.9 million, up 31 percent from EUR1.5 million in the first half of 2022.

As of June 30, commission income stood at EUR3.6 million, showing a robust 42 percent growth from the first half of the previous year.

Net inflows are positive at more than EUR38 million, while adjusted net inflows are positive at more than EUR133 million, with inflows in asset management showing a positive figure of EUR26 million and inflows in advisory exceeding EUR103 million.

Solutions Capital Management SIM on Tuesday closed flat at EUR2.54 per share.

By Claudia Cavaliere, Alliance News reporter

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