Brief: AvangardCo Investments Public Q4 net loss widens to $56.6 mln
29/03/2017 07:01
March 29 (Reuters) - Avangardco Investments Public Ltd
AVGRq.L :
* Q4 consolidated revenue $79.6 million versus $53.7 million
year ago
* Q4 net loss of $17.8 million versus $9.8 million year ago
* Q4 EBITDA of $11.3 million versus $12.9 million year ago
* FY 2016 net loss $56.6 million versus $158.4 million year
ago
* Company expects gradual recovery in domestic demand to
continue, helping to moderately drive growth in 2017
* Expects 20-30 pct growth in export sales - although this
is reliant on the resumption of exports to the Middle East
(particularly to Iraq) and the import ban being lifted in the
near future
Source text for Eikon: ID:nRSc8139Aa
Further company coverage: AVGRq.L
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