Brief: Gefran H1 Net Profit Down At EUR 1.1 Mln

Gefran Spa

06/08/2020 11:58

Aug 6 (Reuters) - Gefran SpA  GFRN.MI :
    * H1 REVENUE EUR 62.7 MILLION VERSUS EUR 72.1 MILLION YEAR
AGO
    * H1 NET PROFIT EUR 1.13 MILLION VERSUS EUR 4.0 MILLION YEAR
AGO
    * ACTIONS HAVE BEEN PUT IN PLACE AIMED AT CUTTING COSTS AND
REDEFINING GROUP'S ACTIONS AND PRIORITIES
    * CONFIRMING FOR CURRENT YEAR, AS ALREADY MENTIONED, LOWER
REVENUES AND MARGINS THAN THE PREVIOUS YEAR
    * GEFRAN CEO SAYS TIMEFRAME FOR A FULL RECOVERY OF
ACTIVITIES
REMAINS UNCERTAIN

Source text for Eikon:  urn:newsml:reuters.com:*:nBIAWsD0g
Further company coverage:  GFRN.MI 

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