La Seda reduce their losses by 66%0
September 2nd, 2010
La Seda reduce their losses by 66% during the first half of 2010.
Barcelona, 31 ago .- The chemical company La Seda de Barcelona has closed the first half of 2010 with a loss of 32.5 million euros, 66.7% less than during the same period last year, as reported by the company in a note to the Commission Nacional del Mercado de Valores (CNMV).
The company has achieved revenues of 486.8 million, slightly above the 481 million, ffxiv gil, recorded during the first six months of 2009, which has been highlighted by the company as a reflection of "good evolution of business group. "
On the other hand, La Seda has closed the first half with EBITDA (EBITDA) of 30.3 million, or 123% more than during the first half of last year.
The company has stated in a statement that after the, buy kinah, group's financial restructuring, the consolidated net debt was reduced by 26% to 763 million, compared to 1,400 million in June 2010.
In addition, the company headed by Jose Luis Morlanes has reiterated its commitment to close the year with an EBITDA of between 61 and 66 million euros, in addition to reaching the 1 billion euro turnover.
The chemical, mortal gold, group reported last month that the social capital resulting from the reduction and subsequent increase in capital amounted to 362.6 million euros, which has initiated proceedings before the supervisory bodies to commence trading on the New Stock Exchange issued shares.
The company said the new capital is represented by a total of 3.626 million shares of 0.10 euros each.
Shareholders and investors of La Seda signed the closing of the capital increase operation more than 183 million euros, and also the creditor banks finally capitalized debt valued at just under 117 million euros, according to the company, which has passed so its goal of expanding capital over 300 million.
September 12th, 2010 at 11:26 am
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