August 31, 2018 / 6:48 AM / 25 days ago

BRIEF-CHL H1 Net Loss Narrows To Eur 0.6 Mln

Aug 31 (Reuters) - CENTRO HL DISTRIBUZIONE SpA:

* SAID ON THURSDAY THAT IT REPORTED H1 REVENUE OF 11.2 MILLION EUROS VERSUS 12.2 MILLION EUROS A YEAR AGO

* H1 NET LOSS 0.6 MILLION EUROS VERSUS LOSS OF 0.7 MILLION EUROS A YEAR AGO

* SAID DATA FOR H1 2018 REFER TO DIFFERENT CONSOLIDATION AREA COMPARED TO H1 2017 DUE TO DECONSOLIDATION OF SUBSIDIARY FRAEL, ALREADY IMPLEMENTED AT BALANCE SHEET AS AT DEC. 31, 2017

* EXPECTS OPERATING PERFORMANCE IN H2 2018 TO BE LINE WITH THAT OF H1 2018

* SAID BELIEVES THAT IT IS ABLE TO MEET THE FINANCIAL NEEDS FOR THE 12 MONTHS AFTER JUNE 30, 2018

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Further company coverage: (Gdynia Newsroom)

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