Brief: Ovostar Union FY Net Result Turns To Loss Of $20.0 Mln

Ovostar Union NV

24/04/2020 16:21

April 24 (Reuters) - Ovostar Union NV  OVO.WA :
    * FY NET LOSS $20.0 MILLION VERSUS PROFIT OF $17.4 MILLION
YEAR
AGO
    * FY REVENUE $104.7 MILLION VERSUS $125.0 MILLION YEAR AGO
    * FY NEGATIVE EBITDA $15.5 MILLION VERSUS POSITIVE EBITDA OF
$21.9
MILLION YEAR AGO
    * ON CORONAVIRUS: EPIDEMIC NOT EXPECTED TO HAVE IMMEDIATE
MATERIAL
IMPACT ON GROUP'S BUSINESS OPERATIONS
    * DOES NOT EXCLUDE THAT ECONOMIC SLOWDOWN COULD HAVE
POTENTIAL
IMPACTS ON GROUP'S PROFITABILITY, MAINLY WITH REFERENCE TO
OPERATING INCOME AND COST OF RISK

Source text for Eikon:  ID:nEMc6Gy4da 
Further company coverage:  OVO.WA 

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