RES, profit increases to 2 million in 2023. Dividend of 0.06 euros

RES profit increases to 2 million in 2023 Dividend of

(Finance) – RESa company listed on Euronext Growth Milan and active in the circular economy and environmental sustainability sector, closed 2023 with a production value equal to 20.7 million euros (+15.4% on 2022), Adjusted EBITDA equal to 5.1 million euros (+52.5%), EBITDA Margin Adjusted at 24.5% (18.5% in 2022) and Net income equal to 2 million euros (+41.1%)
“2023 was a exciting year for our company, characterized by the listing and debut on the stock exchange in May, and by important investments in our site in Pettoranello del Molise, aimed at expanding the selective selection activity – which began in January 2024 – and putting the ‘plastic washing and granulation plant by April 2024″, commented theAD Antonio Lucio Valerio.

“Added to this is the obtaining of the positive opinion of the Molise Region and the single authorization (to build) from the Puglia-Molise Adriatic Interregional ZES for our chemical recycling project of plastics through pyrolysis, and, again from the Molise Region, the financing of 5 million, 100% non-repayable, for the construction of a hydrogen production line from renewable sources – he added – The economic-financial results were then the right recognition of our efforts and have rewarded for the constant drive towards innovation of our business processes, increasingly aimed at transforming waste into a real resource. Our project has extremely solid foundations and we are achieving all the objectives that we set and shared during the IPO phase and on which we are working with determination and positivity”.

The Board of Directors approved the distribution of a dividend equal to 0.06 euros per share. The company announces that the dividend will be paid, if the next Shareholders’ Meeting approves its distribution, starting from 22 May 2024, subject to ex-dividend date on 20 May 2024. The date of entitlement to payment (record date) is set for May 21, 2024.

(Photo: © Veerasak Piyawatanakul)