(Alliance News) - The following stocks are the best and worst performers on Italy Growth on Tuesday afternoon in Piazza Affari.

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WINNERS

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FAE Technology rises 29 percent. Last week, the SME reported that it ended 2022 with a net profit of EUR2.1 million, up 46% from EUR1.4 million a year earlier. Revenues grew 64 percent year-on-year to EUR39.4 million from EUR23.9 million in 2021. Revenues were 95% attributable to the Solutions business line and the remaining 5% to the Online Solutions/My Fast PCBA line.

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NVP gains 12 percent after announcing that consolidated revenues as of March 31, 2023 stood at EUR6.0 million, up 67 percent from EUR3.6 million as of March 31, 2022. Of this, EUR4.5 million is attributable to "sports events" and EUR1.5 million to Entertainment & Fashion activities. Overseas revenues are EUR300,000 from EUR100,000 as of March 31, 2022. The order backlog for the second quarter of 2023 is approximately EUR6.1 million and shows a 60 percent increase from the order backlog of EUR3.8 million in the second quarter of 2022.

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expert.ai is up 11 percent. SME reported a loss of EUR23.8 million in 2022, worsening from the loss of EUR15.7 million reported as of December 31, 2021. Value of production was EUR40.5 million, compared to EUR39.6 million realized in FY2021. Total revenues amounted to EUR31.7 million up from EUR31.1 million.

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LOSERS

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G Rent gives up 7.7 percent and ranks at the bottom of its parent list. The company ended 2022 with a loss of EUR1.0 million compared to a loss of EUR642,000 as of Dec. 31, 2021. Turnover for the year falls to EUR2.0 million, down 22 percent from EUR2.5 million in the same period last year.

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By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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