Ellomay (ELLO) has released an update.
Ellomay Capital Ltd., a renewable energy firm, has reported a loss of €4.9 million for Q1 2024, a stark contrast to the €3.3 million profit in Q1 2023, primarily due to lower electricity prices in Spain. Total assets increased to €666.8 million, and the company completed the sale of a 9 MW solar plant. Despite the quarterly loss, total comprehensive income was €7.1 million, reflecting a significant recovery from a comprehensive loss of €29.9 million the previous year.
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