March 29, 2018 / 5:54 AM / 4 months ago

BRIEF-Balyo FY Net Loss Widens To EUR 10.6 Mln, Confirms Objectives

March 29 (Reuters) - Balyo Sa:

* CASH POSITION AS AT DEC 31, 2017: EUR 30.7 MILLION

* FY OPERATING LOSS EUR 10.1 MILLION VERSUS LOSS OF EUR 6.6 MILLION YEAR AGO‍​

* CONFIRMS ITS PROFITABILITY OBJECTIVE OF REACHING CLOSE TO BREAK-EVEN IN 2018, AS WELL AS SALES OF EUR 200 MILLION IN 2022

* FY NET LOSS EUR 10.6 MILLION VERSUS LOSS OF EUR 6.8 MILLION YEAR AGO

* CO’S DEPLOYMENT CAPABILITIES WILL FURTHER INCREASE IN 2018 Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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