Brief: Makheia Confirms 2021 Objectives

Netmedia SA

02/07/2021 17:37

July 2 (Reuters) - MAKHEIA GROUP SA  ALMAK.PA :
    * REDUCTION IN COSTS, UNDERTAKEN THROUGHOUT 2020, AND
CONTINUED AT
START OF YEAR, WHICH MADE IT POSSIBLE TO ACHIEVE A TOTAL SAVINGS
OF - € 6.5 MILLION
    * DECREASE IN ITS DEBT WITH RATE DROPPING FROM 97% IN 2019
TO 10%
AT THE END OF THE 2020 FINANCIAL YEAR BY INCORPORATING PART OF
ITS DEBT INTO THE CAPITAL
    * FINANCIAL SITUATION ALSO STRENGTHENED BY ITS WARRANTS
(BSA)
PLAN, WHICH STARTED IN JULY 2020, WHICH RAISED € 2.7 MILLION IN
2020 AND € 5.1 MILLION AT THE END OF MAY 2021
    * CONFIRMS 2021 OBJECTIVES

Source text for Eikon:  ID:nNDL55Cvbs 
Further company coverage:  ALMAK.PA 

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