Brief: Kerlink Group H1 Net Loss Narrows To 2.8 Million Euros

Kerlink SA

24/09/2020 17:50

Sept 24 (Reuters) - Kerlink SA  ALKLK.PA :
    * GROUP’S REVENUE FELL BY 26% TO €4.8 MILLION IN THE FIRST
HALF OF
2020
    * DECREASE IN REVENUE IS MAINLY ATTRIBUTABLE TO LOWER SALES
OF
INFRASTRUCTURE EQUIPMENT (-34% VERSUS THE COMPARABLE PERIOD)
    * H1 EBITDA REPRESENTED A NEGATIVE AMOUNT OF €1.7 MILLION,
COMPARED WITH A NEGATIVE €3.0 MILLION IN THE FIRST HALF OF 2019
    * H1 NET LOSS WAS ULTIMATELY €2.8 MILLION, COMPARED WITH A
LOSS OF
€6.3 MILLION IN THE FIRST HALF OF 2019
    * THIRD-QUARTER REVENUE IS EXPECTED TO BE CLOSE TO THAT OF
THE
SAME PERIOD IN 2019
    * AS OF JUNE 30, GROUP’S CASH POSITION AT €6.2 MILLION,
THEREFORE
HIGHER THAN AS OF 31 DECEMBER 2019, WHICH WAS €5.3 MILLION

Source text for Eikon:  ID:nNDL9pSCBG 
Further company coverage:  ALKLK.PA 

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