Brief: Orege H1 Net Loss Widens To 6.5 Million Euros

Orege SA

01/10/2019 06:17

Oct 1 (Reuters) - OREGE SA  OREGE.PA :
    * H1 REVENUE EUR 105,000 VERSUS EUR 942,000 YEAR AGO
    * H1 OPERATING LOSS EUR 4.9 MILLION VERSUS LOSS EUR 4.4
MILLION
YEAR AGO
    * H1 NET LOSS EUR 6.5 MILLION VERSUS LOSS EUR 5.5 MILLION
YEAR AGO
    * NET CASH FLOW AT JUNE 30 EUR 267,000
    * BREXIT:  SEVERAL "WATER UTILITIES" HAVE SEEN FIVE-YEAR
PLAN
(APRIL 2020 - APRIL 2025) REJECTED BY REGULATOR OFWAT ON JULY 18
    * BREXIT: THIS WILL HAVE NEGATIVE IMPACT ON 2019 REVENUE
OVER
PREVIOUS SUMMER ANTICIPATIONS
    * REMAINS CONFIDENT ON POTENTIAL OF UK MARKET AND CONTINUES
NEGOTIATIONS WITH SEVERAL "WATER UTILITIES"

Source text for Eikon:  ID:nGNE9FgyGX 
Further company coverage:  OREGE.PA 

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