Brief: SAMSE H1 Operating Income Down At 14.4 Million Euros

Samse SA

09/09/2020 16:54

Sept 9 (Reuters) - SAMSE  SAMS.PA 
    * H1 REVENUE EUR 679.7 MILLION VERSUS EUR 756.0 MILLION YEAR
AGO
    * H1 OPERATING INCOME EUR 14.4 MILLION VERSUS EUR 22.8
MILLION
YEAR AGO
    * END-H1 NET FINANCIAL DEBT EUR 203.7 MILLION VERSUS EUR
241.2
MILLION YEAR AGO
    * H1 NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS EUR 10.2
MILLION
VERSUS EUR 16.3 MILLION YEAR AGO
    * IN UNCERTAIN ECONOMIC ENVIRONMENT GROUP INTENDS TO PURSUE
EFFORTS TO MAINTAIN VERY GOOD BUSINESS MOMENTUM THAT HAS BEEN IN
PLACE SINCE JUNE 2020
    * TO PRESERVE PROFITABILITY AND CASH POSITION, GROUP
CONTINUES TO
REDUCE INVESTMENTS AND OPERATING COSTS
    * GETS MEDIUM-TERM BANK LOANS FOR EUR 41 MILLION (NO
RECOURSE TO
GOVERNMENT GUARANTEED LOAN) TO LIMIT CORONAVIRUS IMPACT
    * POSTPONES BANK MATURITIES OF EXISTING LOANS FOR EUR 15
MILLION
    * STARTS PROCESS OF SELLING 8 PROPERTIES BY 31 DECEMBER 2020
FOR
EUR 26 MILLION

Source text: https://bit.ly/2FcuehW
Further company coverage:  SAMS.PA 

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