Brief: Europacorp H1 Operating Loss (IFRS 5) Falls To 55.1 Million Euros

EuropaCorp SA

13/12/2018 17:16

Dec 13 (Reuters) - EUROPACORP SA  ECP.PA :
    * H1 REVENUES OF €80.8 M, DOWN BY €(56.8) M COMPARED TO H1
2017/18
    * H1 OPERATING LOSS (IFRS 5) EUR 55.1 MILLION VERSUS LOSS OF
EUR
64.9 MILLION (IFRS 5) YEAR AGO
    * CONSIDERING LOSS RECORDED ON H1 DUE TO NON-RECURRING
IMPAIRMENTS, EUROPACORP WILL RECOGNIZE FY 2018/19 SIGNIFICANTLY
IN DEFICIT
    * IN H1 RETURN TO A POSITIVE OPERATING MARGIN OF €9.4 M,
AGAINST
€(31.9) M IN H1 2017/18
    * H1 CONSOLIDATED NET LOSS WAS €(88.9) M, VERSUS €(70.6) M
DURING
THE FIRST SEMESTER OF THE PREVIOUS FINANCIAL YEAR
    * NET OPERATING CASH FLOWS OF THE SEMESTER AMOUNTED TO
+€35.6 M,
VERSUS +€74.8 M FOR THE FIRST SEMESTER OF LAST FINANCIAL YEAR

Source text: https://bit.ly/2ryxDgz
Further company coverage:  ECP.PA 

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