Brief: Francaise De L'Energie H1 EBITDA Up At 0.7 Million Euros

La Francaise de l Energie SA

25/03/2020 18:47

March 25 (Reuters) - La Francaise de l'Energie SA  LFDE.PA :
    * H1 NET INCOME EUR 0.2 MILLION VERSUS LOSS OF EUR 0.7
MILLION
YEAR AGO
    * H1 EBITDA EUR 0.7 MILLION VERSUS EUR 0.2 MILLION YEAR AGO
    * AT 31 DECEMBER 2019, THE GROUP'S CASH AND CASH EQUIVALENTS
TOTALLED €4.6 MILLION
    * ON CORONAVIRUS : THE CURRENT HEALTH CRISIS IS LEADING TO A
SHARP
DROP IN ECONOMIC ACTIVITY, WHICH IS CURRENTLY WEIGHING ON GAS
PRICES
    * AS ENERGY PRODUCER, GROUP BENEFITS FROM STATUS OF PRIORITY
COMPANY, WHICH ALLOWS IT TO KEEP ALL ITS PERSONNEL ACTIVE AND TO
MAINTAIN THE GROUP'S PRODUCTION AT ITS BEST LEVELS
    * GROUP'S ACTIVITIES ARE NOT DIRECTLY AFFECTED BY
CONFINEMENT
MEASURES TAKEN IN FRANCE AND BELGIUM CONCERNING COVID-19
EPIDEMIC
    * GROUP'S GAS AND ELECTRICITY PRODUCTION VOLUMES DID NOT
SLOW DOWN
AT ALL

Source text for Eikon:  ID:nNDL9yjlhW 
Further company coverage:  LFDE.PA 

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