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BRIEF-Snaitech H1 net result turns to profit of EUR 2 mln
August 4, 2017 / 10:17 AM / 2 months ago

BRIEF-Snaitech H1 net result turns to profit of EUR 2 mln

Aug 4 (Reuters) - SNAITECH SPA:

* H1 REVENUE EUR 437.7 MILLION VERSUS EUR 442.4 MILLION YEAR AGO

* H1 NET PROFIT EUR 2 MILLION VERSUS LOSS EUR 0.4 MILLION YEAR AGO

* THE PROSPECTED AWPS CUT IS NOT EXPECTED TO AFFECT THE GOAL TO BREAK-EVEN ON NET PROFIT IN 2017

* BASED ON PROSPECTED AWPS CUT, FORECASTS REDUCTION OF AVERAGE GROWTH OF WAGERS DOWN TO 3.1% FROM BUSINESS PLAN TARGET OF ABOVE 4% IN 2017-2019 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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