September 3, 2018 / 6:25 AM / in 2 months

BRIEF-Varvaressos H1 Net Loss Rise To 1.3 Million Euro

Sept 3 (Reuters) - Varvaressos European Spinning Mills SA :

* REPORTED ON FRIDAY, TURNOVER 6-MONTH 2018 AT EUR 8.4 MLN VS 10.7 MILLION EURO IN THE SAME PERIOD OF 2017

* LOSSES EBITDA AT 38.94 THOUSAND EURO VS LOSSES 263,74 THOUSAND EURO IN 2017

* LOSSES AFTER TAXES REACHED 1.3 MILLION EURO VS LOSSES 1.1 MILLION EURO IN 2017

* WERE AFFECTED NEGATIVELY BY THE NEW PRODUCT BLEND DUE TO THE NEW BUSINESS PLAN.

Source text : bit.ly/2LScdTh

Further company coverage: (Gdynia Newsroom)

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