(Alliance News) - Planetel Spa reported Thursday that it closed 2023 with a net profit of EUR1.4 million from EUR1.5 million in 2022.

The adjusted figure, however, shows an increase to EUR2.5 million from EUR1.7 million, in a year when customers increased to 51,120 or 7.5 percent.

Revenues grew 9 percent to EUR33.3 million from EUR30.5 million, and Ebitda improved to EUR8.2 million from EUR7.1 million. Ebit fell, however, to EUR1.9 million from EUR2.2 million.

The company's Net Financial Position changed to cash negative EUR13.3 million from EUR11.9 million in the previous year.

The board proposed the distribution of a dividend of EUR0.10, which compares with EUR0.07 a year earlier.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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