(Alliance News) - Bifire Spa announced Tuesday that it closed 2023 with a net profit of EUR7.8 million, up from EUR5.3 million as of Dec. 31, 2022.

The company announced that it has proposed the distribution of a first dividend of EUR0.11 per share.

Total revenues in the period stood at EUR47.4 million from EUR44.0 million in 2022.

Ebitda in 2023 is worth EUR12.8 million up 46% from ERU8.8 million in 2022, with a margin of 27.1% from 20% in the previous year.

Ebit in the period is EUR10.5 million from EUR6.9 million in 2022.

Net financial position is cash positive EUR1.4 million from negative EUR100,000 as of Dec. 31, 2022.

Bifire closed in the green 1.1 percent to EUR3.54 per share.

By Claudia Cavaliere, Alliance News reporter

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