Brief: Altri Q2 EBITDA Down 56% At 29.9 Mln Euros YoY

Altri, SGPS

11/09/2020 06:38

Sept 11 (Reuters) - Altri SGPS SA  ALSS.LS :
    * SAID ON THURSDAY Q2 NET PROFIT 2.4 MILLION EUROS VERSUS
31.1
MILLION EUROS YEAR AGO
    * Q2 REVENUE 162.4 MILLION EUROS VERSUS 200.0 MILLION EUROS
YEAR
AGO
    * Q2 EBITDA 29.9 MILLION EUROS VERSUS 67.8 MILLION EUROS
YEAR AGO
    * SAYS AS A RESULT OF IMPLEMENTED MEASURES, ON JUNE 30
NEGATIVE
COVID-19 IMPACT ON INCOME STATEMENT WAS ESTIMATED IN ABOUT
650,000 EUROS
    * SAYS AFTER REVIEW OF INVESTMENTS PLANNED FOR 2020, DECIDED
TO
RESCHEDULE SOME PROJECTS IN THE AMOUNT OF ABOUT 9 MILLION EUROS
    * SAYS AS OF JUNE 30, GROUP'S CASH AND CASH EQUIVALENTS
REACH
ROUGHLY 176 MILLION EUROS, REPRESENTING ABOUT 53% OF ITS CURRENT
LIABILITIES

    
 Source text: https://bit.ly/3hk4n4H
    
 Further company coverage:  ALSS.LS  
   

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))