Rocket maker Avio's first-half core profit grows 7% on increased production revenue
Rocket maker Avio's first-half core profit grows 7% on increased production revenue Sept 10 (Reuters) - Italian rocket maker Avio AVI.MI said on Thursday its first-half adjusted core earning rose 7.3% from a year earlier, as revenue grew on the back of a ramp-up in production for its Vega C launcher and Ariane 6 booster.
Adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) rose to €12.2 million ($14.18 million) in the first six months of the year.
($1 = 0.8601 euros)
(Reporting by Enrico Sciacovelli, editing by Susan Fenton)
((Enrico.Sciacovelli@thomsonreuters.com; +48587720309;))