MFE-MediaForEurope NV Class A (IT:MFEA) has released an update.
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MFE-MediaForEurope NV announced positive financial results for the first half of 2024, with a 20.2% increase in net profit to 104.7 million euros and a 7.8% rise in consolidated net revenues to 1,476.5 million euros. The company also reported a significant increase in advertising revenue and a reduction in consolidated net financial debt. Despite global instability, MFE confirms its outlook for maintaining positive operating profit, net profit, and cash flow for the year.
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