(Alliance News) - Arras Group Spa reported that it closed the first half of the year with a value of production of EUR1.5 million compared to EUR100,000 as of June 30, 2022.

Ebitda turned negative EUR800,000 from the negative EUR200,000 figure in the first half of the previous year.

Net loss widened to EUR900,000 from EUR300,000 in the same period a year earlier.

Net financial position shows cash of EUR500,000, which compares with debt of EUR300,000 recorded as of Dec. 31, 2022.

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.