April 11, 2017 / 11:06 AM / 3 months ago

BRIEF-Snaitech FY net loss shrinks to EUR 17.0 mln

1 Min Read

April 11 (Reuters) - Snaitech SpA:

* FY revenue 898.5 million euros ($953.58 million) versus 631.8 million euros a year ago

* FY net loss 17.0 million euros versus loss 54.2 million euros a year ago

* Snaitech wagers in the first quarter of 2017 totalled 2,679 million euros, slightly lower by 3 pct versus the wagers collected in the same period last year

* Believes that the finalization of the activities related to integration between Snai and Cogemat, expected within 2017, should produce operational cost savings in the area of 20 million euros Source text for Eikon: Further company coverage: ($1 = 0.9422 euros) (Gdynia Newsroom)

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