Brief: Avtech: fixed costs fall about 40% on concluded reduction program

AVTECH Sweden AB (publ)

12/08/2016 08:42

Aug 12 (Reuters) - Avtech Sweden Publ AB  AVTCHb.ST : 
    * Previously announced cost reduction program is concluded 
according to plan, resulting in reduction of company's fixed 
costs by about 40 pct 
    * Company's fixed costs are now about 850,000 Swedish crowns 
 ($100,000)/month 
 
Source text for Eikon:  ID:nWkrhl8922  
     
Further company coverage:  AVTCHb.ST  
 
($1 = 8.4456 Swedish crowns) 
 
 (Gdynia Newsroom) 
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