Brief: Softec FY Net Result Turns To Loss Of EUR 1.1 Mln

Softec SpA

16/03/2020 15:31

March 16 (Reuters) - Softec SpA  YSFT.MI :
    * FY NET LOSS OF EUR 1.1 MILLION VERSUS PROFIT EUR 41,000
YEAR AGO
    * FY REVENUE EUR 6.7 MILLION VERSUS EUR 9.6 MILLION YEAR AGO
    * ON CORONAVIRUS CRISIS, POTENTIAL EFFECTS ON FINANCIAL
STATEMENTS
CANNOT BE DETERMINED TO DATE AND WILL BE SUBJECT TO CONSTANT
MONITORING THROUGHOUT THE YEAR
    * FOR 2020, NEW CORPORATE MANAGEMENT PROGRAM PLANS TO
FURTHER
STRENGTHEN ITS OWN TECHNOLOGICAL PRODUCTS, WITH A STRONG FOCUS
ON INTERNET OF THINGS, BLOCKCHAIN AND ARTIFICIAL INTELLIGENCE
DEVELOPMENTS
    * MANAGEMENT IS CONCENTRATED IN EVALUATION OF GROWTH ALSO BY
EXTERNAL LINES THROUGH THE COMBINATION OF SYNERGISTIC INDUSTRIAL
REALITIES

Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbC4mvF
Further company coverage:  YSFT.MI 

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