SERVICES

Italiana Coke improves EBITDA

Genoa - The economic performance of Italiana Coke as of December 31, 2017 “shows a positive gross operating margin (EBITDA) of about €1,000,000, showing substantial improvement. In the first half of the year the margin was about €100,000

Genoa - Italiana Coke recently approved its half-yearly accounts and filed them in court together with its management report, as required by its continuity agreement. The economic performance of Italiana Coke as of December 31, 2017 “shows a positive gross operating margin (EBITDA) of about €1,000,000, showing substantial improvement (in the first half of the year the margin was about €100,000)”, the company wrote in a press release.

The profit and loss account continues to be penalised by the significant amount of depreciation related to environmental projects carried out and not yet covered by the subsidised loan granted by the Ministry of Economic Development (MISE), and also by marginality which although more than 30%, is not yet sufficient due to competition from European coke producers in Poland.

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