Eems Italia bad in first half, losses worsen

(Alliance News) - Eems Italia Spa reported that it closed the first half of the year with revenues and operating income of EUR719,000, down from EUR1.0 million in the same period last year.

Ebitda is negative EUR1.5 million from the EUR1.1 million loss a year earlier while operating loss widens to EUR1.5 million from EUR1.1 million a year earlier.

The net loss of EUR1.5 million compares with a net loss of EUR1.1 million in the first half of 2022.

Net financial position of EUR821,000 compares with EUR541,000 at the end of 2022.

Eems Italy rises 8.0 percent to EUR0.01 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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