RCS Mediagroup Q2 net result swings to profit of EUR 19.9 mln

Wednesday, 3 Aug 2016 

Rizzoli Corriere della Sera Mediagroup SpA : Q2 net profit 19.9 million euros ($22.29 million) versus loss 60.2 million euros year ago . H1 net loss 2.1 million euros versus loss 95.4 million euros a year ago . H1 revenue 504.1 million euros versus 519.3 million euros a year ago . Net financial debt at June 30, 2016, 422.4 million euros versus 526.3 million euros at June 30, 2015 . Results achieved in the first half year of the plan's implementation confirm the possibility to reach the objectives set for 2016 .Group feels it is reasonable to believe that the goal to save 60 million euros by the end of 2018 will be reached already in 2016.