(Alliance News) - The board of directors of Itway Spa on Tuesday approved its interim report for the three months ended March 31, reporting a profit up to EUR35,000 from EUR4,000 in the same period last year.

Revenues amounted to EUR12.6 million, up 25 percent from EUR10.0 million in the first three months of 2023.

Ebitda increases to EUR307,000 from EUR250,000 as of March 31, 2023.

Ebit of EUR79,000 shows a slight decrease from EUR89,000 in the first three months of 2023.

The group's current net financial position as of March 31 is essentially unchanged

while the non-current NFP is affected by the EUR1.5 million loan received in the quarter from Banca Progetto Spa with a 5-year term used mainly for the purchase of 60% of Seacom Srl.

The parent company's NFP includes a loan received from 4Science of EUR1.3 million from EUR1.4 million as of December 31, 2023.

Itway's stock is up 2.6 percent to EUR1.43 per share.

By Chiara Bruschi, Alliance News reporter

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