Brief: Acotel FY Net Loss Shrinks To EUR 5.8 Mln

Softlab SpA

28/03/2019 07:58

March 28 (Reuters) - Acotel SpA  ACO.MI :
    * REPORTED ON WEDNESDAY FY REVENUE EUR 7.7 MLN VS EUR 12.6
MLN
    * FY LOSS EUR 5.8 MLN VS EUR 6.5 MLN YEAR AGO
    * APPROVES BUSINESS PLAN TO END-MARCH 2020
    * BUSINESS PLAN ENVISAGES GRADUAL WITHDRAWAL FROM BUSINESSES
NO
LONGER CONSIDERED PROFITABLE (INTERACTIVE: VAS AND MOBILE
SERVICES)
    * SAYS FINANCIAL RESOURCES RESULTING FROM TRANSFER OF
CONTROL OF
BUCKSENSE WILL ALLOW TO COVER FINANCIAL REQUIREMENTS FOR NEXT 12
MONTHS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA4PmFRQ
    
 Further company coverage:  ACO.MI  
   


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