(Alliance News) - Poligrafici Printing Spa reported Friday that it closed the first half of the year with a net profit of EUR1 million, broadly in line with the same period last year.

Revenues fell to EUR12.4 million from EUR13.7 million. Revenues from polygraph printing dropped to EUR11.5 million from EUR12.6 million, and other revenues decreased to EUR900,000 from EUR1.2 million.

Ebitda increased to EUR2.6 million from EUR3.2 million.

Net financial position showed debt of EUR7.2 million compared to EUR6.8 million as of Dec. 31, 2022 and was affected by a negative effect of EUR9.5 million due to the application of IFRS 16.

Poligrafici Printing's stock is down 2.3 percent at EUR0.34 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

Copyright 2023 Alliance News IS Italian Service Ltd. All rights reserved.