Brief: Pharol H1 Net Result Turns To Loss Of 1.7 Mln Euros YoY

Pharol SGPS SA

27/07/2020 06:12

July 27 (Reuters) - Pharol SGPS SA  PHRA.LS :
    * SAID ON FRIDAY H1 NET LOSS 1.7 MILLION EUROS VERSUS PROFIT
24.8
MILLION EUROS YEAR AGO
    * H1 NEGATIVE RECURRING EBITDA 1.4 MILLION EUROS VERSUS
NEGATIVE
2.0 MILLION EUROS YEAR AGO
    * H1 NET RESULT DUE MAINLY TO RECURRING OPERATING COSTS OF
1.4
MILLION EUROS
    * COST CONTAINMENT AND DISCIPLINE POLICY INTENSIFIED DURING
COVID-19 PANDEMIC RESULTED IN 32% REDUCTION IN RECURRING
OPERATING COSTS 
    * STAKE IN OI ENDED H1 WITH APPRECIATION OF 1.9 MILLION
EUROS,
BEING THE GAIN IN THE QUOTATION LARGELY OFFSET BY THE EXCHANGE
DEVALUATION OF THE REAL

    
 Source text: https://bit.ly/3g3elHR
    
 Further company coverage:  PHRA.LS  
   


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