Digital Magics, 1st half loss of 1.7 million

Digital Magics 1st half loss of 17 million

(Finance) – Digital Magics reports in the 1st semester a production value of 2.7 million euros, in 19% increase compared to 2.3 million as of June 30, 2022.

Ebitda is equal to 37 thousand euros, compared to 0.2 million in 2022, while the net result is negative for 1.7 million of euros (it was positive for euro 0.9 million in 2022) also due to the effect of adjustments in financial assets for 1.5 million relating to write-downs of some companies
investees and the related receivables owed to them.

Net cash equal to 2 million euros (3 million at 31/12/2022), with liquid assets equal to 5 million.

tlb-finance