Brief: Gas Plus FY Net Result Turns To Loss Of EUR 1.9 Mln

Gas Plus SpA

01/04/2019 08:41

April 1 (Reuters) - Gas Plus SpA  GSP.MI :
    * REPORTED ON FRIDAY FY TOTAL REVENUE OF EUR 88.6 MLN VS EUR
84.4
MLN A YEAR AGO
    * FY NET LOSS OF EUR 1.9 MLN VS PROFIT OF EUR 0.8 MLN A YEAR
AGO
    * SAID RECORDED NEGATIVE NET RESULT DUE TO UNFAVOURABLE
RESULT OF
THE DRILLING AT TWO EXPLORATION WELLS IN ROMANIA, WHICH RESULTED
IN HIGHER, NON-RECURRING, AMORTIZATION FOR ABOUT EUR 3.2 MILLION
    * EXPECTS 2019 CONSOLIDATED EBITDA TO GROW, COMPARED TO THE
2018
FIGURE, AND REACH NET POSITIVE RESULT
    * PROPOSES NOT TO DISTRIBUTE FY DIVIDEND 

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA1v833n
    
 Further company coverage:  GSP.MI  
   


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