Brief: AND Grows Topline By 22% And Reduces Net Loss By 19% In H1

GeoJunxion NV

12/08/2020 17:17

Aug 12 (Reuters) - AND International Publishers NV  ANDP.AS :
    * H1 REVENUES OVER THE FIRST HALF YEAR ARE UP BY 22% TO €704 K;
    * OPERATING RESULT IMPROVED BY 33% TO A LOSS OF €656 K, COMPARED TO A LOSS OF €981 K IN 1H
2019
    * H1 NET RESULT AFTER TAX IMPROVED BY 19% TO A NET-LOSS OF EUR 598 K
    * H1 AND GROWS TOPLINE BY 22% AND REDUCES NET LOSS BY 19% IN COVID-19 IMPACTED ECONOMIC
ENVIRONMENT
    * FOR FULL YEAR 2020, AND EXPECTS TO GENERATE A REVENUE IN RANGE OF EUR 1,550 K TO EUR 1,900
K
    * SEES 2020 OPERATING LOSS IN THE RANGE OF €1,400 K TO €1,100 K
    * SEES 2020 CASH OUTFLOW IN THE RANGE OF €1,250K TO €950 K
    * FOR FY 2020 EXPECTS OPERATING LOSS IN RANGE OF EUR 1,400 K TO EUR 1,100 K
    * FOR FY 2020 EXPECTS A NET LOSS IN RANGE OF EUR 1,100 K TO EUR 900 K
    * ADDITIONAL FUNDING WILL BE REQUIRED IN SECOND HALF OF 2020 TO ENABLE AND TO GROW WITH ITS
NEW
BUSINESS MODEL INTO A CASH GENERATING AND PROFITABLE ORGANIZATION
    * CLOSING OF AND DATA INDIA PVT, LTD, WAS DELAYED DUE TO COVID-19 RELATED LOCKDOWNS IN
INDIA, BUT
IS ON TRACK TO COMPLETE IN Q4 2020

Source text for Eikon:  ID:nGNE30Dd6z 
Further company coverage:  ANDP.AS 

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