(Alliance News) - Cembre Spa reported Thursday that it closed 2023 with a profit of EUR40.8 million, up 28 percent from EUR31.9 million in 2022.

The board of directors proposed a dividend of EUR1.80 per share, up from EUR1.40 a year earlier.

Revenues for the period amount to EUR222.6 million from EUR198.8 million in 2022.

Ebitda increases to EUR66.6 million from EUR54.6 million in 2022 while Ebit increases to EUR54.0 million from EUR42.6 million in the same period.

Net financial position is EUR18.2 million positive from EUR14.6 million recorded as of Dec. 31, 2022.

Cembre's stock trades in the green by 1.2 percent at EUR44.00 per share.

By Chiara Bruschi, Alliance News reporter

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