April 28 (SeeNews) - Croatian IT company Span Group [ZSE:SPAN] said on Friday its consolidated net profit fell 17% on the year in the first quarter of 2023, to 1.9 million euro ($2.1 million).
EBITDA before one-offs rose 1% to 3.1 million euro, Span said in a press release. EBITDA after one-offs also rose 1%, to 3.0 million euro.
Operating revenue increased 4% on the year in the first quarter, reaching 25.6 million euro, while total costs widened 5% to 22.8 million euro, according to Q1 2023 consolidated unaudited report filed to the Zagreb bourse. Exports made up 76% of Span's first-quarter revenue.
Earlier on Friday, Span said its management and supervisory boards approved a proposal to distribute a dividend of 1.33 euro per share.
The shares of Span were the biggest decliner for the day by 13:33 local time on Friday with an 11.86% drop in price to 55 euro, and were the most traded stock intraday with a turnover of 595,000 euro, Zagreb bourse data showed. They are part of both main equity indices of the Zagreb Stock Exchange.
($ = 0.911 euro)