April 18, 2017 / 5:28 AM / 3 months ago

BRIEF-Bluelinea FY net loss widens to 4.3 million euros

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April 18 (Reuters) - Bluelinea SA:

* Q1 revenue 1.4 million euros ($1.49 million) versus 1.2 million euros year ago

* FY net loss 4.3 million euros versus loss of 1.1 million euros year ago

* FY operating loss 3.7 million euros versus loss of 1.9 million euros year ago

* Sees net savings of almost 1 million euros in 2017

* Decided to implement an action plan in order to achieve profitability by the end of the year

* Plans to raise funds in the coming months Source text: bit.ly/2oo3QDu Further company coverage: ($1 = 0.9396 euros) (Gdynia Newsroom:)

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