(Alliance News) - The board of Masi Agricola Spa on Friday approved the financial report for 2023, which closed with a shrinking net profit to EUR700,000 from EUR4.5 million in 2022. The board thus proposed the distribution of a EUR0.03 dividend, up from EUR0.06 in the previous year.

Total revenues were EUR66.4 million, down from EUR774.7 million in the previous year.

Ebitda reported a value of EUR7.2 million from EUR13.2 million in the same year in the same period.

Ebit reported EUR3.0 million, down from EUR8.8 million in the same period last year.

NFP was negative EUR16 million compared to EUR7.7 million as of December 31, 2022.

Masi Agricola trades in the red by 2.0 percent at EUR5.00 per share.

By Maurizio Carta, Alliance News reporter

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