Brief: I Grandi Viaggi FY net result turns to profit of EUR 1.0 mln

I Grandi Viaggi SpA

19/01/2017 07:11

Jan 19 (Reuters) - I Grandi Viaggi SpA  IGV.MI : 
    * Reported on Wednesday FY (fiscal year ended Oct. 31, 2016) 
total revenue 60.0 million euros ($63.83 million) versus 63.5 
million euros a year ago  
    * FY net profit 1.0 million euros versus loss 2.6 million 
euros a year ago 
    * The drop in turnover was mainly due to political and 
social tensions in the Middle East and in some African 
destinations where the company holds tourist facilities 
    * Reports a drop in tour operator sales, for U.S. and Asia 
destinations, as well as Africa 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA182dd 
     
 Further company coverage:  IGV.MI   
    
 
 
 
($1 = 0.9400 euros) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))