(Finance) – The sun 24 hours it closed the first half of the year with clearly improved results, due to the increase in margins and revenues. The Net income it is still negative for 0.4 million, but an improvement of 2.9 million e is close to breaking even compared to the red of 3m3 million the previous year.
Revenues equal to 104.6 million euros (96.8 million euros in the first half of 2021) in 8.1% growth (+ € 7.8 million) compared to the same period of 2021. Growth driven by the good performance of advertising sales, the development of products in the Professional Services area and the exhibitions of 24 ORE Cultura.
EBITDA positive for 10.4 million euros, an improvement of 3.1 million (positive for 7.3 million at 30 June 2021). Ebit positive for 2.3 million euros, an improvement of 3.4 million (negative for 1.1 million at 30 June 2021).
Net financial position negative for 49.5 million euros, an improvement of 14.3 million compared to the negative 63.8 million euros at 31 December 2021 mainly due to the trend in net working capital included in the cash flows of operating activities.