Brief: Turbon H1 Group Loss Before Tax Of 0.9 Mln Euros

Turbon AG

17/08/2020 07:09

Aug 17(Reuters) - TURBON AG  TURG.F :
    * SAID ON FRIDAY H1 GROUP REVENUE AT 21.5 MILLION EUROS VS
29.5
MILLION EUROS YEAR AGO
    * H1 GROUP LOSS BEFORE TAX OF 0.9 MILLION EUROS VS LOSS OF
2.6
MILLION EUROS YEAR AGO
    * OUTLOOK 2020: REVENUE BETWEEN 43.0 MILLION AND 45.0
MILLION
EUROS VS PREVIOUS FORECAST OF 45.0 MILLION TO 50.0 MILLION EUROS
    * OUTLOOK 2020: LOSS BEFORE TAX OF 1.3 MILLION EUROS VS
PREVIOUSLY
FORECASTED PROFIT OF 0.1 MILLION EUROS
    * SAYS IT STILL PLANS SALE OF PROPERTIES IN THAILAND
    * SAYS THAT A SUCCESSFUL SALE OF THE PROPERTIES IN 2020
WOULD
RESULT IN A BOOK PROFIT THAT WOULD AT LEAST COMPENSATE THE
FORECASTED GROUP LOSS FOR 2020
    * SAYS THAT IT IS NOT POSSIBLE TO MAKE ANY FURTHER
STATEMENTS ON
THE STATUS OF THE PLANNED SALE DUE TO CORONAVIRUS-RELATED
RESTRICTIONS IN THAILAND

 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ3lxr6za
 Further company coverage:  TURG.F  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))