(Alliance News) - Lucisano Media Group Spa reported Friday that it closed the first half of the year with revenues up to EUR26.0 million from EUR21.2 million in the same period last year.

Ebitda rose to EUR11.9 million from EUR6.1 million, with the margin flying to 45.9 percent from 29.0 percent.

Operating income was also good, up to EUR4.7 million from EUR889,000, with margin up to 18.2% from 4.2%.

Pre-tax profit flew to EUR3.9 million from EUR307,000 while net income also rose sharply, to EUR3.4 million from EUR131,000.

Net financial debt decreased during the period to EUR37.3 million as of June 30 this year from EUR38.9 million as of December 31, 2022. This net improvement of more than EUR1.6 million was also achieved thanks to stronger working capital management, particularly in relation to collections from broadcasters and distributors and optimization of financial resources. When adjusted for the component related to leased assets, net financial debt was EUR31.2 million, down from EUR32.5 million as of December 31, 2022.

Lucisano Media Group's stock is up 1.6 percent to EUR1.28 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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