Brief: Altech Advanced Materials H1 Net Loss Of EUR 382,000

Altech Advanced Materials AG

08/07/2020 11:33

July 8 (Reuters) - ALTECH ADVANCED MATERIALS AG  AMA1n.F :
    * FIRST HALF YEAR OF BUSINESS 2020 WITH AN EXPECTED NET LOSS
OF
TEUR 382
    * PRELIMINARY RESULT IS MAINLY RESULT OF OTHER OPERATING
INCOME OF
TEUR 20 (RP: TEUR 81) AS OF JUNE 31, 2020
    * AVERAGE MONTHLY COSTS OF AROUND TEUR 36 ARE EXPECTED FOR
SECOND
HALF OF 2020
    * NET LOSS OF AROUND TEUR 600 IS CURRENTLY EXPECTED FOR 2020
    * ANNUAL COSTS OF TEUR 460 ARE EXPECTED FOR FOLLOWING YEARS
    * EXPECTS THAT COMPANY WILL RECEIVE ADDITIONAL LIQUID FUNDS
FROM
CAPITAL INCREASE WITH SUBSCRIPTION RIGHTS IN AMOUNT OF
APPROXIMATELY EUR 738 THOUSAND THROUGH ISSUE OF 671,037 NO-PAR
VALUE SHARES
    * PLANNED PRIVATE PLACEMENT IN SECOND HALF OF 2020
    * PRIVATE PLACEMENT IS NOW SCHEDULED TO BE COMPLETED BY
SEPTEMBER
2020

Source text for Eikon:  ID:nPex5FXjha 
Further company coverage:  AMA1n.F 

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