The closing of the 2019 Financial Statements records a result with many positive economic and financial values.
An operating profit, as further evidence that the company has consolidated a balance between costs and revenues; a reduction in the incidence of receivables from customers on the total value of production; a reduction in the incidence of liabilities to suppliers on the total costs for the supply of goods and services; an improvement in economic indicators of profitability, liquidity, and solvency; and an increase in the Value of Production are just some of the items in the Balance Sheet and Income Statement that justify satisfaction with the results achieved in the past year.
Recent reflections, summarized in a prestigious volume presented last December, on the company’s performance in its first twenty years of existence, testify to a positive continuity in AnciLab’s action. A confirmation of the soundness of the strategic choice made by the Association, at the time, to establish a presence that would assist it in providing services, in close relation to its role as the institutional representative of Lombard municipalities, to meet the development needs of local public administration. >