(Alliance News) - Imvest Spa has announced that it has approved draft financial statements for the year ended Dec. 31, 2022, having reported sales revenues of EUR4.0 million from EUR2.8 million in the same period of 2021.

Value of production is EUR4.6 million from EUR2.6 million in the same period of the previous year.

Loss is EUR1.2 million from EUR5.3 million in 2021.

Ebitda is negative EUR468,577 from EUR652,416 in 2021.

Ebit is negative at EUR724,756 from negative EUR7.7 million.

Net financial position is negative EUR1.9 million from a negative EUR1.6 million in 2021.

By 2023, all of the legacy real estate portfolio owned by Imvest is expected to be divested and a number of new initiatives for trading will be acquired.

The board of directors resolved to approve the signing of binding agreements each having as their object the essential terms and conditions relating to the completion of Imvest's acquisition of shares representing 100 percent of the share capital of Dismissioni Immobiliari Srl and Lira Advisory Srl, respectively, through the contribution of equity interests.

Imvest, trades in the green by 1.7 percent at EUR0.02 percent per share.

By Claudia Cavaliere, Alliance News reporter

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