Ellomay (ELLO) has released an update.
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Ellomay Capital, the renewable energy firm, has reported a decrease in revenues and a shift from profit to loss for the first half of 2024, citing lower electricity prices in Spain as a primary cause. Net assets slightly increased, but overall financial performance weakened, with a loss of €3.3 million compared to a profit of €4.6 million in the same period the previous year. The company also noted a significant transaction with the sale of its 9 MW solar plant, which contributed to its financial activity during the period.
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