Brief: Fiera Milano FY net result swings to loss of 22.9 mln euros
13/03/2017 07:04
March 13 (Reuters) - Fiera Milano SpA FIMI.MI :
* Reported on Friday FY revenue 221.0 million euros ($236.54
million) versus 335.2 million euros a year ago
* Decline in FY revenues was mainly due to a less favourable
exhibition calendar compared to the previous year, which
included biennial and multi-annual exhibitions, as well as some
non-recurring activities linked to Expo 2015
* FY net loss 22.9 million euros versus profit 0.4 million
euros a year ago
* Expects a significant improvement in the gross operating
profit in 2017, compared to that achieved in 2016, and a return
to net profit
Source text for Eikon: urn:newsml:reuters.com:*:nBIA100d3
Further company coverage: FIMI.MI
($1 = 0.9343 euros)
(Gdynia Newsroom)
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