(Alliance News) - Mondo TV France's board of directors on Friday approved the results for the first half of the year, which closed with a net loss of EUR125,000 from a profit of EUR114,000 recorded June 30, 2022.

Value of production is EUR1.3 million, from EUR2.1 million in the same period of 2022.

Ebitda is negative EUR429,000 from a positive EUR520,000 in the first half of 2022.

Ebit is negative EUR121,000 from a positive EUR116,000 in the same period of 2022.

NFP changes to a net debt of EUR1.8 million from a net debt of EUR1.4 million as of Dec. 31, 2022, mainly due to investments made in the production of the animated series Grisu.

The company expects a second half of the year with revenues up sharply from the first half of the year due to the advancement of the production of the animated series Grisù and a 2023 fiscal year end in profit compared to the 2022 loss.

Mondo TV France closed Friday up 3.9 percent to EUR0.01 per share.

By Chiara Bruschi, Alliance News reporter

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