(Alliance News) - Copernico Spa reported Thursday that it closed 2023 with a profit of EUR80,000 from EUR10,000 a year earlier.

As of Dec. 31, 2023, the company's revenues decreased by 7.5 percent due mainly to a decrease in insurance revenues to EUR7.9 million from EUR8.5 million in 2022.

Net inflows for 2023 are EUR2.6 million, from EUR51.7 million as of December 31, 2022.

Net interest and other banking income is EUR3.5 million from EUR3.8 million as of Dec. 31, 2022, down 7.5 percent.

Shareholders' equity is EUR4.6 million in line with the previous year.

Net cash position is EUR1.4 million from EUR950,000 in 2022.

Assets Under Management are EUR713 million from EUR662 million as of Dec. 31, up 7.7 percent.

Copernicus' stock closed Thursday in the green by 0.6 percent at EUR3.14 per share.

By Chiara Bruschi, Alliance News reporter

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