(Alliance News) - Fine Foods & Pharmaceuticals NTM Spa reported that it closed 2023 with a loss of EUR3.5 million, an improvement from a loss of EUR9.5 million as of Dec. 31, 2022.

The company announced that it has proposed the distribution of a dividend of EUR0.12 per share.

Consolidated revenues stood at EUR251.8 million, up 22 percent from EUR206.9 million in 2022.

Ebitda in the period was EUR22.3 million, up about 45% from EUR15.4 million in the previous year.

Ebit 2023 is EUR1.1 million from negative EUR1.0 million in 2022.

Net financial position is negative EUR43.6 million, in line with the value as of Dec. 31, 2022.

By Claudia Cavaliere, Alliance News reporter

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