(Alliance News) - The board of directors of TMP Group Spa on Thursday evening reviewed and approved the consolidated half-year report as of June 30, which closed with a consolidated net loss for the period of EUR20,000, compared to a consolidated net profit of EUR600,000 as of June 30, 2022.

Consolidated production value, at EUR3.3 million as of June 30, increased by 16.0 percent compared to the same period in 2022, when it was EUR2.9 million.

Consolidated EBITDA was EUR730,000, in line with the figure as of June 30, 2022. Costs for the six-month period were EUR2.6 million, up 23.0 percent from EUR2.1 million in the six-month period 2022.

"This was impacted by service costs of EUR1.4 million, up 4.3% compared to June 30, 2022, and personnel costs of EUR620,000, up 27% compared to EUR500,000 as of June 30, 2022."

Consolidated Ebit, EUR220,000 from EUR630,000 as of June 30, 2022, "is down compared to the first half of 2022 due to an increase in depreciation and amortization charges, write-downs of receivables included in current assets and provisions for risks for the period, totaling EUR510,000.

Consolidated net financial position as of June 30 was positive at EUR1.8 million, compared to consolidated debt of EUR350,000 as of Dec. 31, 2022.

TMP closed Thursday's session in the red by 0.8 percent to EUR5.32 per share

By Maurizio Carta, Alliance News reporter

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