Tech company Solutions 30 falls into the red for its half-year as French business struggles

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

United States News News

United States United States Latest News,United States United States Headlines

Technology services company Solutions 30 reported a sharp decline in first-half core profit and a loss at the net result level, hampered by a weak performance in France.'Performance in France has been penalized by our historical markets reaching maturity and by the delay in our growth drivers - especially

Technology services company Solutions 30 reported a sharp decline in first-half core profit and a loss at the net result level, hampered by a weak performance in France.

"Performance in France has been penalized by our historical markets reaching maturity and by the delay in our growth drivers - especially for the energy transition - due to supply chain disruptions," Chief Executive Officer Gianbeppi Fortis said in a statement.Solutions 30 posted a 77.5 per cent drop in its adjusted earnings before deducting interest and taxes , which reached 6.7 million euros in the first six months of its financial year ending on June 30.

Its net result for the period turned to a loss of 12.3 million euros, against a profit of 14.1 million euros last year."We have reached a low point and we anticipate a recovery in the final quarter that will continue throughout 2023," said Fortis.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in US

United States United States Latest News, United States United States Headlines