(Alliance News) - GEL Spa on Tuesday reported that it closed 2023 with a profit of EUR200,000 from EUR700,000 as of Dec. 31, 2022.

Revenues in the period stood at EUR15.2 million from EUR17.2 million in the previous year.

Ebitda as of Dec. 31 was EUR1.7 million from EUR2.2 million in 2022.

Ebit was worth EUR700,000 from EUR1.2 million in 2022.

Net financial position was EUR3.6 million from EUR5.2 million as of Dec. 31, 2022.

On Tuesday, GEL closed flat at EUR1.30 per share.

By Claudia Cavaliere, Alliance News reporter

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