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BRIEF-Conafi Prestito H1 net loss shrinks to EUR 0.8 mln
September 22, 2017 / 8:19 AM / 3 months ago

BRIEF-Conafi Prestito H1 net loss shrinks to EUR 0.8 mln

Sept 22 (Reuters) - CONAFI PRESTITO SPA:

* SAID ON THURSDAY BOARD HAD APPROVED TO END ITS FINANCIAL INTERMEDIATION BUSINESS

* END OF THE BUSINESS TO BE EFFECTIVE FROM THE SECOND HALF OF OCTOBER 2017

* END OF THE BUSINESS WILL LEAD TO A “SUBSTANTIAL” PERSONNEL REDUCTION

* PROPOSES TO CHANGE ITS BUSINESS TO INVESTMENT HOLDING FROM FINANCIAL INTERMEDIARY

* H1 NET LOSS EUR 0.8 MLN VS LOSS EUR 1.6 MLN YEAR AGO

* H1 NET COMMISSIONS EUR 2.0 MLN VS EUR 2.5 MLN YEAR AGO

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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