Brief: Vergnet FY Operating Result Turns To Loss Of 0.4 Million Euros

Vergnet Vsa SA

31/03/2020 18:13

March 31 (Reuters) - VERGNET SA  ALVER.PA :
    * FY REVENUE EUR 11.6 MILLION VERSUS EUR 19.2 MILLION YEAR
AGO
    * FY OPERATING LOSS EUR 0.4 MILLION VERSUS PROFIT EUR 0.1
MILLION
YEAR AGO
    * FY NET INCOME GROUP SHARE EUR 0.2 MILLION VERSUS EUR 0.6
MILLION
YEAR AGO
    * ON CORONAVIRUS: THE CONSEQUENCES OF THE CORONAVIRUS
EPIDEMIC
PLUNGE THE YEAR 2020 INTO UNCERTAINTY
    * ON CORONAVIRUS: ONE CONSEQUENCE OF THE EPIDEMIC IS THE
DIFFICULTY OF PAYING CUSTOMERS DEPENDENT ON THE SALE OF OIL FOR
FOREIGN CURRENCY PAYMENTS (THE PRICE OF OIL HAS BEEN CUT IN HALF
IN ONE MONTH)
    * ON CORONAVIRUS: EXCLUDING PRODUCTION AND COMMERCIAL
SERVICES,
THE GROUP OPERATES NORMALLY IN TELEWORK
    * OUTLOOK: DEPENDING ON DURATION AND CONDITIONS OF EXIT FROM
EPIDEMIC, GROUP WILL REVISE ITS FORECASTS

Source text for Eikon:  ID:nNDL4Q1xrM 
Further company coverage:  ALVER.PA 

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