February 27, 2018 / 5:27 PM / 3 months ago

BRIEF-CIFE Issues Warning On 2017 Results

Feb 27 (Reuters) - CIFE SA:

* WARNING ON 2017 RESULTS

* 2017 OPERATING RESULTS AND NET RESULTS WILL BE SIGNIFICANTLY LOWER THAN IN THE FIRST HALF OF 2017 AND DOWN SHARPLY COMPARED TO 2016.

* WILL ANNOUNCE HEAVY LOSS FOR 2017

* DUE TO LOSSES ON BUILDING ACTIVITY, RESCUE PROCEDURE WITH SIX MONTH OBSERVATION PERIOD OPENED FOR SUBSIDIARY SOVEBAT

* WILL NEED TO RECAPITALISE ETPO

* ORDER BOOK AT END 2017 UP 20 PERCENT AT EUR 151 MILLION Source text for Eikon: bit.ly/2CoLXzx Further company coverage: (Gdynia Newsroom:)

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