November 21, 2016 / 11:11 PM / 24 days ago

BRIEF-Adocia FY Operating Income Turns To Loss Of 22.0 Million Euros

March 12 (Reuters) - ADOCIA SA:

* FY NET LOSS 18.6 MILLION EUR VERSUS 7.6 MILLION EUR PROFIT YEAR AGO

* AS OF 31 DEC 2019 CASH POSITION OF EUR 43.7 MILLION

* FY REVENUE EUR 2.1 MILLION VERSUS EUR 47.4 MILLION YEAR AGO

* AS OF 31 DEC 2019 FINANCIAL DEBTS OF EUR 21.2 MILLION

* FY OPERATING LOSS EUR 22.0 MILLION VERSUS PROFIT EUR 9.7 MILLION YEAR AGO

* FY CASH POSITION OF EUR 43.7 MILLION AS OF DECEMBER 31, 2019, INCREASING BY EUR 3.8 MILLION COMPARED TO DECEMBER 31, 2018

* WITH EUR 43.7 MILLION IN CASH AT BEGINNING OF JANUARY 2020, WE ARE CONTINUING SUSTAINED DEVELOPMENT OF COMPANY WHILE MAINTAINING RIGOROUS MANAGEMENT OF EXPENSES - CFO Source text for Eikon: Further company coverage: (Gdansk Newsroom)

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