Brief: Engie EPS H1 Net Loss Widens To 6.5 Million Euros

Nhoa SA

24/09/2020 15:53

Sept 24 (Reuters) - Engie Eps SA  EPS.PA :
    * FIRST HALF RESULTS AS OF 30 JUNE 2020
    * H1 REVENUES AND OTHER INCOME AMOUNT TO EUR 5.0 MILLION AS
OF 30
JUNE 2020, UP 89% COMPARED TO 2019 FIRST HALF
    * NET FINANCIAL POSITION AT END OF FIRST SEMESTER 2020
DECREASED
TO EUR -17.8 MILLION COMPARED TO EUR -8.1 MILLION ON 31 DECEMBER
2019
    * ACKNOWLEDGES DECISION OF ENGIE GROUP TO ASSESS STRATEGIC
OPTIONS
FOR ENGIE EPS, INCLUDING THE POSSIBLE DIVESTMENT OF ITS STAKE IN
CO
    * EBIT AND NET RESULT AS AT 30 JUNE 2020 STANDS,
RESPECTIVELY, AT
EUR -6.5 MILLION AND EUR -6.5 MILLION COMPARED WITH EUR -6.7
MILLION AND EUR -6.2 FOR PREVIOUS YEAR
    * 3 MAJOR ENERGY STORAGE PROJECTS IN USA, GUAM (300MWH),
HAWAII
(240MWH), NEW ENGLAND (50MWH), WILL CONTINUE TO BE DEVELOPED
JOINTLY BY BOTH COS
    * SHOULD ENGIE DIVEST ITS STAKE, ENGIE HAS REAFFIRMED ITS
CONTINUOUS FINANCIAL SUPPORT UNTIL A POTENTIAL TRANSACTION IS
CLOSED
    * FOR FUTURE, BOTH COMPANIES WILL CONTINUE JOINTLY
DEVELOPING
PROJECTS WHICH ARE DEEMED MUTUALLY BENEFICIAL

Source text for Eikon:  ID:nBwcg4Zk5a 
Further company coverage:  EPS.PA 

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