Brief: EURO Ressources Q1 net profit rises to 4.1 million euros

Euro Ressources SA

05/05/2016 06:22

May 5 (Reuters) - EURO Ressources SA  EURR.PA : 
    * Reported under IFRS on Wednesday a net profit of 4.1 
million euros  ($4.71 million) for Q1 2016 compared to 2.8 
million euros for Q1 2015  
    * Q1 revenues were 5.7 million euros, a decrease of 8 pct 
compared to revenues of 6.2 million euros for Q1 2015 
    * Cash at March 31, 2016 totaled 10.2 million euros compared 
to 7.5 million euros at December 31, 2015 
    * In 2016, the Rosebel royalty is expected to provide 
revenues to the Company of between about 21.9 million euros and 
22.6 million euros 
    * Expects its cash flow will be adequate to meet all 
corporate and related expenses 
 
          
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nHUG7fjKtP 
     
 Further company coverage:  EURR.PA   
    
 
($1 = 0.8706 euros) 
 
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