(Alliance News) - Monrif Spa said Monday it approved its results for the year 2022 reporting a profit of EUR314,000 improving from a loss of EUR3.3 million reported as of Dec. 31, 2021.

Consolidated revenues amounted to EUR157.9 million compared to EUR149.5 million in the previous

year, an increase of 5.6 percent.

EBITDA is EUR15.1 million up from EUR12.2 million in 2021.

Ebit amounted to EUR6.4 million from EUR2.5 million in 2021.

Consolidated Net fnancial position calculated according to the ESMA recommendation shows debt of EUR90.8 million compared to debt of EUR96.3 million as of December 31, 2021, the company explains in a note.

This figure "includes the effect of the application of IFRS 16, which resulted in the recording of EUR36.2 million more debt. Net of the effect represented by IFRS 16, the net financial position according to ESMA recommendations would be EUR54.6 million compared to EUR55.2 million as of December 31, 2021," the company points out.

Monrif's stock trades in the green by 4.3 percent at EUR0.068 per share.

By Chiara Bruschi, Alliance News reporter

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