Brief: Valartis Group posts IFRS H1 loss of 46.5 mln Swiss francs

Valartis AG

30/08/2016 06:00

Aug 30 (Reuters) - Valartis Group AG  VLRT.S : 
    * First half-year 2016 for Valartis Group shows a loss of 
46.5 million Swiss francs ($47.44 million) (H1 2015: group loss 
of 21.4 million Swiss francs) 
    * H1 loss from continued operations was reduced to -7.5 
million Swiss francs (H1 2015: -11.1 million Swiss francs) due 
to lower value adjustments, provisions and losses (from -5.1 
million Swiss francs for first half-year 2015 to -0.2 million 
Swiss francs for first half-year 2016) 
    * In 2016, central objectives will be successful conclusion 
of recovery for two holding companies, together with induction 
of valartis group's new strategic orientation 
    * H1 income from commission and services increased to 1.6 
million Swiss francs (H1 2015: 0.5 million Swiss francs) 
 
Source text for Eikon:  ID:nGNE2v3ylX  
Further company coverage:  VLRT.S  
 
($1 = 0.9801 Swiss francs) 
 
 (Gdynia Newsroom) 
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