Brief: Metabolix Explorer FY Operating Loss Widens To 8.4 Million Euros

Metabolic Explorer SA

30/03/2020 18:23

March 30 (Reuters) - METABOLIC EXPLORER SA  METEX.PA :
    * FY OPERATING LOSS EUR 8.4 MILLION VERSUS LOSS EUR 5.0
MILLION
YEAR AGO
    * FY NET LOSS EUR 8.4 MILLION VERSUS LOSS EUR 6.3 MILLION
YEAR AGO
    * AS AT 31 DEC 2019, GROUP HAD CONSOLIDATED GROSS CASH
POSITION
UNDER IFRS OF EUR 26.6M COMPARED WITH EUR 35.2M AS AT 31 DEC
2018
    * AT THE END OF DECEMBER 2019, THE GROUP ACHIEVED ANNUAL
SALES OF
EUR 0.4 MILLION
    * ON CORONAVIRUS: SEVERAL SUBCONTRACTORS AND SUPPLIERS
INVOLVED IN
THE CONSTRUCTION OF METEX NØØVISTA NOTIFIED THE COMPANY OF
TEMPORARY SUSPENSIONS OF THEIR ACTIVITIES
    * COVID-19 TO IMPACT ON ACTIVITIES OF GROUP AND 2020
OUTLOOK, BUT
NOT POSSIBLE TO QUANTIFY AT THIS STAGE

Source text for Eikon:  ID:nACT62734 
Further company coverage:  METEX.PA 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48587785110;))