(Alliance News) - Cairo Communication's board of directors on Monday approved the quarterly report, which closed with a net loss attributable to the group of EUR3 million from EUR2.9 million in the first quarter of 2022.

In Q1 2023, consolidated gross revenues were approximately EUR256.2 million, including gross operating revenues of EUR243.4 million and other revenues and income of EUR12.8 million, up EUR2.7 million from EUR253.5 million in Q1 2022.

EBITDA and operating income were EUR13.6 million and negative EUR6.5 million, respectively, and EUR14.6 million and negative EUR3.8 million in Q1 2022, respectively, "and were still impacted by an increase in input costs, particularly paper," the company's note specifies.

Total net financial debt-which also includes financial liabilities related to leases recorded in the balance sheet-is EUR157.3 million, amounting to EUR170.3 million, compared to EUR177.6 million as of Dec. 31, 2022.

Cairo Communication on Monday trades in the red by 1.7 percent at EUR1.85 per share

By Maurizio Carta, Alliance News reporter

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