Brief: Brederode End-June Profit Turns To Loss Of 25.5 Million Euros

Brederode SA

03/09/2020 16:45

Sept 3 (Reuters) - Brederode SA  BRED.BR :
    * END-JUNE SHAREHOLDERS EQUITY PER SHARE EUR 81.38 VERSUS
EUR
83.27 ON DEC 31,2019
    * CO AND SUBSIDIARIES END-JUNE NET LOSS EUR 25.5 MILLION
VERSUS
GAIN OF EUR 267.7 MILLION AT END-JUNE 2019
    * CO AND SUBSIDIARIES END-JUNE OPERATING LOSS EUR 25.3
MILLION
VERSUS GAIN OF EUR 267.0 MILLION AT END-JUNE 2019
    * END OF FINANCIAL YEAR, BREDERODE AND ITS SUBSIDIARIES NET
FINANCIAL DEBTS OF € 43.5 MILLION (VERSUS € 52.6 MILLION AT
END-2019)
    * COVID-19: AT END-Q2, SITUATION IMPROVED CONSIDERABLY BOTH
IN
PRIVATE EQUITY AND LISTED SECURITIES PORTFOLIOS
    * END OF FINANCIAL YEAR CONFIRMED CREDIT LINES TOTALING €
286
MILLION (VERSUS € 124 MILLION AS OF DECEMBER 2019)
    * OUTLOOK: IN THIS PERIOD OF UNCERTAINTY, BOD OF BREDERODE
REMAINS
CONFIDENT IN THE FUTURE, EVENTHOUGH FOR NOW IT IS NOT IN A
POSITION TO BE SPECIFIC ABOUT DEVELOPMENTS OVER THE SHORT TERM

Source text: https://bit.ly/3jHfMgl
Further company coverage:  BRED.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))