Tesmec SpA (TES.MI,2GV.F), an Italian provider of infrastructure products and solutions, on Wednesday reported a narrower net loss for the first half.
For the six-month period to June 30, the Group recorded a net loss of EUR 0.195 million, or EUR 0.0003 per share, compared with a restated loss of EUR 2.743 million, or EUR 0.0045 per share, in the same period last year.
Net loss from the assets held for sale narrowed to EUR 0.439 million from the prior year's restated loss of EUR 2.807 million.
Net loss from continuing operations stood at EUR 0.100 million as against a restated profit of EUR 0.584 million. This loss is mainly due to income tax expense and foreign exchange loss.
Pre-tax income was EUR 0.092 million, less than restated EUR 2.235 million a year ago.
Income tax expense was EUR 0.192 million, compared with restated EUR 1.651 million in 2024. Net foreign exchange loss stood at EUR 2.832 million as against a gain of restated EUR 1.078 million in the previous year.
Operating income was EUR 10.761 million, higher than last year's restated EUR 9.146 million. Revenue was EUR 128.584 million, up from the previous year's restated EUR 117.704 million.
Looking ahead, the company said: "For the full year 2025, the Tesmec Group expects growth in the main income statement indicators and a reduction in Net Financial Indebtedness compared to 2024. A positive contribution is also expected from the finalization of the joint venture operation in France."
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