logo
Plus   Neg
Share
Email

Vinci Slips To Loss In H1 - Quick Facts

Vinci (VCISY.PK) reported first-half net loss attributable to owners of the parent of EUR 294 million or EUR 0.53 per share compared to a profit of EUR 1.36 billion or EUR 2.43 per share last year.

EBITDA totalled EUR 1.80 billion versus EUR 3.63 billion reported a year ago, equal to 9.7% of revenue compared with 16.7% in the first half of 2019.

Revenue for the period declined 15% to EUR 18.5 billion from EUR 21.7 billion generated in the prior year period.

Consolidated net financial debt was EUR 22.1 billion at 30 June 2020, down EUR 2.1 billion relative to 30 June 2019.

For 2021, the Group expects its earnings to rise relative to 2020, but remain lower than their 2019 level overall.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The European Commission said Friday that it has signed a deal with Sanofi and GlaxoSmithKline to secure up to 300 million doses of their potential COVID-19 vaccine. Acella Pharmaceuticals recalled certain lots of hypothyroidism medication NP Thyroid in the form of tablets due to super potency, the U.S. Food and Drug Administration said in a statement. The company is recalling one lot of 15mg and one lot of 120mg of NP Thyroid that are packaged in 100 count bottles in strengths of 15 mg, and 120 mg, with expiration dates between October 2020 and November 2020. Walmart announced its decision to raise wages for around 165,000 hourly associates across all its U.S. stores starting October, and introduce a team-based operating model in Supercenters. In a tweet, the retail giant said, "Today we're introducing new leadership roles and cross-training opportunities, giving our associates more ways to grow their careers."
RELATED NEWS
Follow RTT