(Alliance News) - The board of directors of Premia Finance Spa on Wednesday approved the draft financial statements and consolidated financial statements for the year ended Dec. 31, 2022 reporting a consolidated net income of EUR603,283, up 114 percent from EUR282,336 as of Dec. 31, 2021.

The board of directors also proposes to distribute a dividend of EUR0.148 per share for a maximum total of approximately EUR568,740 indicating May 15, 2023 as the ex-dividend date, May 16, 2023 as the record date, and May 17, 2023 as the payment date.

Consolidated sales revenue is EUR6.3 million, up 29 percent from EUR4.9 million in the previous year.

Consolidated Ebitda is EUR1.0 million up 78% from 2021 when it was EUR587,553.

Consolidated Ebit in 2022, on the other hand, is EUR911,282 up 109% from EUR435,644 in 2021.

Negative Consolidated Net Financial Position is EUR1.8 million compared to negative EUR1.4 million as of June 30, 2022 and negative EUR1.2 million as of December 31, 2021.

Consolidated shareholders' equity was EUR2.9 million as of December 31, 2022, compared to EUR1.9 million as of December 31, 2021.

Commenting on the group's performance, Chairman of the Board of Directors Gaetano Nardo said, "FY 2022 was a year full of great satisfaction for the Premia Finance Group. Revenues grew more than 20 percent, as in 2021, and we can say that we achieved the highest profit in history. We have made a quantum leap with the advisor network, which has contributed to an increase in overall and per capita turnover, and as evidence of this there has been a moderate growth in the number of employees, from 115 to 120 during 2022.

"In addition, the entry of two new figures, chief financial officer and general manager, has enabled us to embark on an important path of growth and diversification. Thanks to their contribution, we launched two new divisions: mortgage and corporate," Nardo added.

Premia Finance's stock is unchanged at EUR3.26 per share.

By Chiara Bruschi, Alliance News reporter

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