Brief: EEM FY 2018 Consolidated Net Loss Group Share Narrows To EUR 1.4 Million

Electricite et Eaux De Madagascar SA

11/12/2019 08:37

Dec 11 (Reuters) - ELECTRICITE ET EAUX DE MADAGASCAR SA
 EEMA.PA :
    * REPORTED ON TUESDAY FY 2018 RESULTS
    * FY 2018 REVENUE EUR 0.2 MILLION VS EUR 0.9 MILLION IN 2017
    * FY 2018 OPERATING LOSS EUR 2.1 MILLION VS LOSS OF EUR 3.2
MILLION IN 2017
    * FY 2018 CONSOLIDATED NET LOSS GROUP SHARE EUR 1.4 MILLION
VS
LOSS OF EUR 6.7 MILLION IN 2017
    * NET INCOME STILL STRONGLY IMPACTED BY LOSS OF CONTROL OF
CAMBODIAN SUBSIDIARY VICTORIA ANGKOR CO LTD AND ITS SUBSIDIARY
VICTORIA ANGKOR REAL ESTATE
    * BOARD OF DIRECTORS IS SERIOUSLY CONSIDERING THE AVAILABLE
FINANCIAL CAPACITIES THAT THE COMPANY WILL HAVE AT ITS DISPOSAL
DURING 2020 TO MEET ITS FINANCIAL COMMITMENTS
    * DECISION TO TERMINATE COMMERCIAL LEASE OF THE VICTOR HUGO
AVENUE
OFFICES, WHICH ARE NO LONGER IN LINE WITH THE COMPANY'S
ACTIVITIES AND NEEDS

    
 Source text for Eikon:  ID:nGNE4dYKRK 
    
 Further company coverage:  EEMA.PA  
   


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