March 1, 2017 / 9:14 AM / 6 months ago

BRIEF-Space Hellas' net cash on Dec 31 climbs at 7.5 million euros

March 1 (Reuters) - Space Hellas SA:

* Net cash on Dec 31, 2016 at 7.5 million euros ($7.90 million) versus 4.9 million euros last year

* Sees revenue increase in 2017

* Management expects delays of major development projects for 2017

* Plans to bid for border security project in Greece worth 12 million euros

Source text: bit.ly/2lShiBj

Further company coverage: ($1 = 0.9489 euros) (Gdynia Newsroom)

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