(Previous article did not specify that the EUR126,000 amount relates to the net loss for the first quarter of 2023)

(Alliance News) - Solutions Capital Management SIM Spa reported Tuesday that it reported commission income of EUR2.3 million in the first quarter, up 34 percent from EUR1.7 million as of March 31, 2023.

During the period, net interest and other banking income increased 15 percent to EUR1.1 million from EUR955,000 in the first quarter.

As of March 31, net income is EUR84,000 from a loss of EUR126,000 in 2023.

Net inflows are negative EUR10 million in the first quarter.

SCM is down 2.3 percent to EUR3.40 per share.

By Claudia Cavaliere, Alliance News reporter

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