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SIP - Sipef NV News Story

€44.4 0.3  0.7%

Last Trade - 20/04/21

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £395.4m
Enterprise Value £467.6m
Revenue £196.0m
Position in Universe 342nd / 847

BRIEF-SIPEF H1 Gross Profit Drops To $14.3 Million

Wed 14th August, 2019 7:00am
Aug 14 (Reuters) - SIPEF NV  SIFB.BR :
    * GROSS PROFIT FELL FROM USD 46.6 MLN IN JUNE 2018 TO USD
14.3 MLN
(-69.2%) IN JUNE 2019
    * THE RESULTS OF THE GROUP FOR THE SECOND HALF OF THE YEAR
COULD
APPROXIMATE THOSE OF THE FIRST HALF OF THE YEAR
    * H1 OPERATING LOSS USD 2.1 MILLION VERSUS PROFIT USD 29.9
MILLION
YEAR AGO
    * H1 REVENUE USD 113.2 MILLION VERSUS USD 140 MILLION YEAR
AGO
    * IN H2 EXPECTED HIGHER PRODUCTION VOLUMES IN INDONESIA AND
THE
IMPACT OF THE VOLCANIC ERUPTIONS IN PAPUA NEW GUINEA
    * RECURRING FREE CASH FLOW OVER THE FIRST SIX MONTHS OF 2019
WAS
USD -8.7 MLN, COMPARED WITH USD -12 MLN OVER THE SAME PERIOD
LAST YEAR

Source text: https://bit.ly/2Kyyzfl
Further company coverage:  SIFB.BR 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; 48 58 772 0920;))
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