Brief: Brioschi FY Net Result Turns To Loss Of EUR 7.0 Mln

Brioschi Sviluppo Immobiliare SpA

14/04/2020 17:46

April 14 (Reuters) - Brioschi Sviluppo Immobiliare SpA
 BRUI.MI :
    * FY SALES AND OTHER REVENUES EUR 20.5 MILLION VERSUS EUR
53.0
MILLION YEAR AGO
    * FY NET LOSS EUR 7.0 MILLION VERSUS PROFIT EUR 18.0 MILLION
YEAR
AGO
    * ON COVID-19 CRISIS, OBJECTIVES AND OPERATIONAL ACTIONS
ENVISAGED
IN BUSINESS PLANS ARE CONFIRMED WITH POSSIBLE CHANGES IN TIMING
OF IMPLEMENTATION
    * GROUP EXPECTS TO MEET OPERATIONAL AND FINANCIAL NEEDS WITH
EXISTING CASH AND CASH EQUIVALENTS, EXPECTED FLOWS FROM
CHARACTERISTIC AND FINANCIAL OPERATIONS
    * SEES TO MEET NEEDS ALSO WITH MORATORIUMS ON EXISTING LOANS
GRANTED IN COVID-19 FIELD AS MEASURES OF SUPPORT DETERMINED BY
AUTHORITIES
    * OPERATIONAL AND COMMERCIAL ACTIVITIES AIMED AT CARRYING
OUT 
REAL ESTATE PROJECTS PORTFOLIO WILL CONTINUE WITH LIMITATIONS
DUE TO COVID-19 CRISIS
    * SUSPENDS BUY-BACK PLAN

Source text for Eikon:  ID:nBIA86xXwL 
Further company coverage:  BRUI.MI 

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