Brief: Makheia Group FY Operating Loss Widens To 1.0 Million Euros

Netmedia SA

25/04/2019 07:11

April 25 (Reuters) - MAKHEIA GROUP  ALMAK.PA :
    * ANNOUNCED ON WEDNESDAY FY CONSOLIDATED TURNOVER OF EUR
17.8 MLN
    * FY GROSS INCOME STANDS AT EUR 14.7 MLN, 6% DECREASE
COMPARED TO
2017
    * FY OPERATING LOSS EUR 1.0 MLN VS LOSS EUR 0.7 MLN YEAR AGO
    * FY NET LOSS EUR 787,000 VERSUS LOSS EUR 702,000 YEAR AGO
    * AS OF DEC 31, 2018, CONSOLIDATED SHAREHOLDERS' EQUITY
AMOUNTED
TO EUR 13.3 MLN VS EUR 13.8 MLN AS OF DEC 31, 2017
    * IMPLEMENTS SAVINGS PLAN OF AROUND EUR 1 MLN (TIGHTENING OF
THE
PURCHASING POLICY AND REDUCTION OF PAYROLL CHARGES)
    * IMPLEMENTS REFORMULATION OF ITS RANGE OF SERVICES
    * BOARD OF DIRECTORS DECIDED IN PRINCIPLE ON FREE ALLOTMENT
OF SHARE WARRANTS, INTENDED FOR ALL ITS SHAREHOLDERS ON BASIS OF
ONE EQUITY WARRANT PER SHARE
    * 4 WARRANTS GIVE THE RIGHT TO SUBSCRIBE FOR ONE NEW SHARE
AT
PRICE OF 1.25 EURO 
    * ISSUE IS EXPECTED IN MAY 2019

    
 Source text: https://bit.ly/2IVvVjc
    
 Further company coverage:  ALMAK.PA  
   


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