(Alliance News) - Kruso Kapital Spa on Wednesday approved its consolidated balance sheet schedules as of March 31, a quarter ended with a net profit of EUR809,000 up year-on-year from EUR465,000 recorded as of March 31, 2023, up 77 percent, despite higher taxation compared to the previous year.

Net interest and other banking income increased by 28% to EUR5.5 million from EUR4.3 million in the first quarter of 2023, mainly due to the contribution from pawn loans as a result of higher lending and higher margins.

Net interest income was EUR2.2 million from EUR1.7 million in Q1 2023.

Shareholders' equity as of March 31 was EUR45.8 million, up from December 31, 2023 when it was EUR42.4 million.

Kruso Capital trades at parity at EUR1.86 per share.

By Chiara Bruschi, Alliance News reporter

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