Inter owners Suning have reported their EBITDA (earning before taxes, depreciation, and amortization) as being on the rise in the first quarter of 2022.
The company’s financial reports for the first three months of the year, according to Suning on Chinese social media outlet Weibo via FCInterNews, show their earnings trending upwards by 22.3% compared to same period 2021.
Suning’s earnings had already been trending upwards during the last quarter of 2021, and they continue to be on the rise in the opening quarter of 2022.
Earnings for the first three months of 2021 reached 260 million yuan (€37.3 million), and net operating cash flow is 1.296 billion yuan (€186 million).
The Chinese company also took on a line of credit worth 1.05 billion yuan (€150.7 million) and have reduced total expenses by 43.53% compared to the first quarter of last year.
It remains to be seen how this will affect Suning’s running of Inter at all, but the reports paint a positive picture of the company’s liquidity and operating capacity after they were hit hard by the pandemic.
