(Alliance News) - The board of directors of Acquazzurra Spa on Friday evening approved the draft financial statements for the year ended Dec. 31, which closed with a net profit for the year of EUR110,000, a strong improvement from the net loss of EUR210,000 in 2022.

The board proposed the distribution of a gross dividend of EUR0.042 per share.

Value of production amounted to EUR22.6 million, up from the 2022 figure of EUR18.51 million.

Ebitda was EUR840.000 million - with an Ebitda margin of 3.7 percent - compared to EUR140.000 in 2022. "Significant growth is mainly attributable to revenue performance."

Ebit is EUR270,000 from negative EUR290,000 in 2022.

Net debt as of Dec. 31 was EUR4,000, so close to parity, compared to net debt of EUR870,000 million as of Dec. 31, 2022.

Acquazzurra closed Friday's session flat at EUR9.90 per share

By Maurizio Carta, Alliance News reporter

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