(Alliance News) - Planetel Spa reported that it closed the first half of the year with production value rising to EUR16.9 million from EUR15.5 million in the same period last year.

Ebitda rose to EUR3.8 million from EUR3.4 million, and operating profit fell to EUR800,000 from EUR900,000 a year earlier.

Also down was pretax profit, to EUR700,000 from EUR800,000, and net income, to EUR500,000 from EUR600,000.

Net financial position remained sotanzially unchanged, coming in at EUR11.9 million as of June 30 from EUR12.0 million as of Dec. 31, 2022.

Planetel's stock is unchanged at EUR5.50 per share.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

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