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BRIEF-Giglio Group reports FY 2016 revenue up at EUR 34.7 mln, acquires Evolve Service
February 15, 2017 / 12:27 PM / in 10 months

BRIEF-Giglio Group reports FY 2016 revenue up at EUR 34.7 mln, acquires Evolve Service

Feb 15 (Reuters) - Giglio Group SpA:

* FY 2016 revenue 34.7 million euros ($36.61 million), up 152 pct versus year ago

* FY 2016 net profit 1.7 million euros versus 1.0 million euros year ago

* Signs agreement for acquisition of 100 pct stake in Evolve Service SA (Evolve)

* Acquires Evolve for 1.5 million euros in cash, 3.9 million euro through emission of 1.2 million new company shares reserved to Evolve Source text for Eikon: Further company coverage: ($1 = 0.9478 euros) (Gdynia Newsroom)

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