Brief: LVenture Q1 Net Result Turns To Profit Of EUR 34,000

Zest SpA

23/04/2020 07:25

April 23 - LVenture Group SpA  LVEN.MI :
    * REPORTED ON WEDNESDAY FY REVENUE EUR 4.2 MLN VS EUR 3.4
MLN YEAR
AGO
    * FY NET PROFIT EUR 0.5 MLN VS EUR 0.4 MLN YEAR AGO 
    * Q1 REVENUE EUR 958,000, UP 23% YEAR ON YEAR
    * Q1 NET PROFIT EUR 34,000 VS LOSS EUR 56 MLN YEAR AGO
    * EXPECTS IMPACT FROM COVID-19 ON REVENUE BUT CANNOT
DETERMINE YET
TO WHAT EXTENT
    * CONFIRMS POSITIVE PERFORMANCE OF STARTUP PORTFOLIO
    * HAS ADEQUATE RESOURCES TO COPE WITH CURRENT POSSIBLE
SCENARIOS

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA7yXSmB
    
 Further company coverage:  LVEN.MI