Brief: Makheia Group H1 Recurring Operating Loss Widens To EUR 1.3 MILLION

Netmedia SA

31/10/2019 18:30

Oct 31 (Reuters) - MAKHEIA GROUP SA  ALMAK.PA :
    * H1 PRE-TAX LOSS (NOT INCOME) AMOUNTED TO €1,841K COMPARED
WITH
LOSS OF €294K IN THE SAME PERIOD LAST YEAR (ADDS 'LOSS OF' IN
SECOND PART OF ALERT)
    * CONSOLIDATED REVENUE FOR THE FIRST HALF OF 2019 WAS DOWN
TO
€7,831K FROM €8,671K IN H1 2018
    * H1 RECURRING OPERATING LOSS EUR 1.3 MILLION VERSUS LOSS
EUR 0.3
MILLION YEAR AGO
    * CHANTAL DECAMPS HAS BEEN APPOINTED CEO REPLACING PATRICK
DUBOSC
MARCHENAY
    * SAYS SAVINGS BEING MADE AND EUR 0.5 MILLION RENT REDUCTION
SECURED FOR START OF 2020
    * GUILLAUME BEAUMONT IS NEW CFO

Source text: https://bit.ly/34ia5xJ
Further company coverage:  ALMAK.PA 

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