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BRIEF-Tecnotree Q4 adjusted operating result down at EUR 0.8 mln
March 31, 2017 / 5:43 AM / 8 months ago

BRIEF-Tecnotree Q4 adjusted operating result down at EUR 0.8 mln

March 31 (Reuters) - TECNOTREE OYJ:

* Q4 NET SALES WERE EUR 14.7 (24.6) MILLION

* Q4 ADJUSTED OPERATING RESULT FOR QUARTER WAS EUR 0.8 (6.4) MILLION

* COMPANY CONTINUES TO BE FINANCIALLY CONSTRAINED AND LIQUIDITY WILL REMAIN TIGHT IN 2017

* BOARD PROPOSES NO DIVIDEND BE PAID FOR FINANCIAL PERIOD ENDED 31 DECEMBER 2016

* TECNOTREE WILL PLAN TO FURTHER REDUCE OPERATING EXPENSES IN 2017 TO TUNE OF AN ADDITIONAL 5 MILLION EUR Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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