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Astroc swings to net loss 65.7 mln eur vs profit 61.9 mln


Published :
Fri, 10 Aug 2007 08:17
By : Agencies
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MADRID (Thomson Financial) - Astroc Mediterraneo SA said it swung to a net loss of 65.7 mln eur in the first half to June from a 61.9 mln eur profit a year earlier, as heavy financial costs and provisions totalling almost 300 mln eur weighed on the bottom line.

In a statement, Astroc said it swung to an EBITDA loss of 30.2 mln eur from a profit of 91.3 mln, while sales were up 32 pct at 239.7 mln.

Trading in the shares has been suspended by stock market regulator CNMV.

The securities last changed hands at 10.71 eur each.

tfn.europemadrid@thomson.com

jr/jdy/ajb

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