(Alliance News) - Cofle Spa reported Wednesday that its board of directors reviewed consolidated revenues for the first nine months of the year, which came in at EUR46.8 million, up nearly 18 percent from the same period last year, when it was EUR39.7 million.

The board of directors also resolved to propose to the shareholders' meeting the adoption of a plan to purchase and dispose of treasury shares up to a maximum number not exceeding 20 percent of the company's capital. The amount that can be used for the purchase of treasury shares was set at EUR1 million.

Cofle's stock on Tuesday closed at a par at EUR8.40 per share.

By Chiara Bruschi, Alliance News reporter

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