MILAN (AIMnews.it) – Revenues of € 15.28 million for Fope in the first half of 2018, up 13% over the same period of 2017. The Board of Directors have approved the 2018 Half-Year Report, which also shows an EBITDA at 3.16 million euros (+ 79% from the same period in 2017), corresponding to an EBITDA margin of 20.7% (13.1% from the same period in 2017), and a net profit of 1.90 million, an increase of 137% from the first six months of 2017. The Net Financial Position is equal to 2.88 million (1.17 million in 31 December 2017), the Net Equity is equal to 13.13 million (11.92 million in 31 December 2017). In March, Fope established the English company Fope Jewellery Limited. “The results for the first six months – explains Diego Nardin, CEO of FOPE – confirm the positive forecasts for the year, with an expected increase in sales volume and a positive economic result. The figure confirms the initial budget expectations and the path of sales growth supported always by an important development of foreign markets (in particular Europe and America) and by the domestic market which has consolidated and increased the position. The new collections presented at the beginning of the year have obtained excellent feedback from the market, which has contributed to the achievement of positive commercial results registered in the early months.”