Brief: Avangardco Investments Public H1 net loss narrows to $32.6 million

Avangardco Investments Public

31/08/2016 07:01

Aug 31 (Reuters) - Avangardco Investments Public Ltd  AVGRq.L : 
    * Says H1 net loss reduced to $32.6 million (H1 2015: $152.4 million) 
    * H1 consolidated revenue amounted to $64.8 million, a decrease of 47 pct year-on-year (H1 
2015: $121.4 million) 
    * Says H1 negative EBITDA of $12.6 million (H1 2015: $98.2 million) 
    * Says H1 production of shell eggs totalled 1.25 billion units, a decline of 34 pct 
year-on-year (H1 2015: 1.89 billion units) 
    * H1 sales of shell eggs amounted to 751 million units, down by 56 pct year-on-year (H1 
2015: 1.7 billion units) 
    * Average sales price of dry egg products in H1 was $5.65/kg, up by 5 pct year-on-year (H1 
2015: $5.40/kg) 
    * Says company's H1 2016 results were affected by Q2 sales price of shell eggs which fell 
below 2015 level amid rising production costs 
 
Source text for Eikon:  ID:nRSe4769Ia  
Further company coverage:  AVGRq.L  
 
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