Viohalco (GB:0QI2) has released an update.
Viohalco’s subsidiary ElvalHalcor reported a mixed financial performance for the first half of 2024 with a 2.5% increase in sales volumes, primarily in the Aluminum segment, despite a challenging economic environment. The company saw a notable reduction in net debt by 144.5 million euros and an improvement in working capital, although operational profitability declined by 13.1% with an adjusted EBITDA of 113.8 million euros. Additionally, profit after tax showed a healthy increase, rising from 38.7 million euros in the first half of 2023 to 59.9 million euros in the same period of 2024.
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