(Alliance News) - Magis Spa on Tuesday reported that it ended 2023 with revenues down about 14 percent to EUR81.3 million from EUR90.1 million as of Dec. 31, 2022.

The year ended with a profit of EUR8.3 million from EUR7.7 million in 2022.

GOP for the period stood at EUR15 million from EUR14.97 million in 2022.

Net financial position stood at a net cash of EUR5.8 million from EUR2.5 million as of Dec. 31, 2022.

On Tuesday, Magis closed in the green by 0.5 percent to EUR10.95 per share.

By Claudia Cavaliere, Alliance News reporter

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