(Alliance News) - The board of directors of Finanza.tech Spa on Tuesday approved the half-yearly report as of June 30, which shows a strong growth trend, with net income rising in triple digits to EUR804,464 from EUR330,588 in the first half of 2022.

Consolidated revenues amounted to EUR7.5 million from EUR2.1 million, also up in triple digits from H1 2022.

Ebitda amounted to EUR1.64 million from EUR824,741 recorded as of June 30, 2022.

Ebit for the first half of the year amounted to EUR1.1 million from EUR504,513 in the same period last year.

Net financial position is negative EUR350,335 from negative EUR627,603.

Nicola Occhinegro, CEO and founder of Finanza.tech, commented, "Finanza.tech has shown foresight with respect to the strategic objectives set at the IPO: the economic circumstances of 2022 have not prevented us from pursuing our investment plan, and today we can say that we are a recognized reference point in the market, consolidating our infrastructure and competitive positioning, certain that the results achieved can make us lay the next evolutions of our business model on a solid foundation."

Finanza.tech's stock is up 3.1 percent at EUR0.73 per share.

By Chiara Bruschi, Alliance News reporter

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