(Alliance News) - The board of directors of Mevim Spa approved the half-year financial report on Thursday, showing a loss of EUR919,000, slightly worse than the negative result of EUR835,000 reported on June 30, 2022.

Value of production of EUR3.8 million is up from EUR1.1 million in the same period last year.

Ebitda is negative EUR987,000 from negative EUR598,000 in the consolidated financial statements as of June 30, 2022.

Ebit was also negative EUR903,000 from a negative EUR721,000 in the first half of 2022.

Consolidated net financial debt as of June 30, is liabilities of EUR1.8 million, and has increased from the value as of Dec. 31, 2022 when it was debt of more than EUR1.9 million.

The company, the statement says, "continued during the first half of the year the real estate divestment activities of the remaining portfolio, which is intended to be completed during the second half of the current year, and continued the positive management from the short rent facilities."

In fact, during the first half of the year, the facilities managed by subsidiary Im Home increased by eight units for a total of 34 new available beds, and an additional 12 new openings for a further 45 new beds have been defined and formalized through September 2023. In addition, further new openings are being defined, which will further increase the number of facilities under management.

Mevim's stock on Thursday closed in the green by 1.8 percent at EUR0.02 per share.

By Chiara Bruschi, Alliance News reporter

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