Illa halves sales and widens losses in first six months

(Alliance News) - Illa Spa reported that it closed the first half of the year with sales revenues of EUR5.2 million compared to EUR11.7 million in the first six months of 2022.

Ebitda is negative EUR2.4 million from the previous year's negative figure of EUR500,000 while operating loss widens to EUR2.6 million from EUR710,000 operating red a year earlier.

Net loss widened to EUR2.7 million from the previous year's liability of EUR960,000.

Net financial position is down to EUR9.5 million, of which EUR5.7 million is short and EUR3.8 million is medium-long term.

Illa is above par at EUR0.006 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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