April 17, 2018 / 9:15 AM / 8 months ago

BRIEF-CHL Sees Net Profit In 2022 At EUR 1.7 Mln

April 17 (Reuters) - CHL:

* SAID ON MONDAY APPROVED NEW INDUSTRIAL DEVELOPMENT PLAN FOR 2018-2022

* TARGETS IN 2018 NET LOSS OF EUR 0.8 MILLION VS EARLIER FORECASTED PROFIT OF EUR 1.2 MILLION

* TARGETS 2018 REVENUE OF EUR 25.2 MILLION VS EARLIER FORECASTED EUR 35.6 MILLION

* EXPECTS ACCOUNTING BREAK EVEN TO OCCUR IN 2019 AND FINANCIAL BREAK EVEN IN 2020

* EXPECTS IN 2022 TURNOVER AT EUR 54.4 MILLION, EBITDA AT EUR 4.0 MILLION AND EBIT AT EUR 2.9 MILLION

* EXPECTS NET PROFIT AT EUR 1.7 MILLION IN 2022

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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