Brief: Aventura Q2 Operating Loss Widens To SEK 3.8 Mln

Aventura AB

25/08/2022 08:30

Aug 25 (Reuters) - Aventura Group AB  AVENTb.ST :
    * Q2 OPERATING LOSS SEK 3.8 MILLION VERSUS LOSS SEK 2.2 MILLION YEAR AGO
    * Q2 REVENUE AMOUNTED TO SEK 14,333 THOUSAND (14,435), CORRESPONDING TO A DECREASE OF 0.71%
PERCENT.
    * UNDER CURRENT CIRCUMSTANCES, WE DO NOT EXPECT TO BE ABLE TO ACHIEVE OUR GROWTH TARGET OF
50% FOR
THE FULL YEAR
    * CHINA'S ZERO-COVID-19 POLICY HAS SHAKEN CONSUMER CONFIDENCE AND DISRUPTED SUPPLY CHAINS
    * WE HAVE THUS TAKEN MEASURES TO ADAPT OUR COST MASS TO THE PREVAILING MARKET SITUATION.
    * Q2 RESULT AFTER TAX: SEK -3,555 THOUSAND (-1,834)
    * WE HAVE TEMPORARILY PUT TWO OF OUR PLATFORM VENTURES (AURORA BEAUTY AND TICTOC VENTURES)
ON
HOLD, STREAMLINED OUR ORGANIZATION, REDUCED OUR COST BASE, AND ENTERED INTO STRATEGIC
PARTNERSHIP WITH ACCLIME, ONE OF ASIA'S LEADING PROVIDERS OF CORPORATE ADMINISTRATIVE SERVICES.

Source text for Eikon:  ID:nMFNbxmnrt 
Further company coverage:  AVENTb.ST 

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