Roularta reported first half net loss Friday
Roularta media, during the first six months of the year net losses as a result of the crisis-related decline in advertising revenue in the magazine division, one-off restructuring costs and impairment of goodwill. Roularta however, that the second half promises to be better, thanks to restructuring and efficiencies. The group hopes the second half again will be profitable. It is noted that an important program of debt reduction, spread over several years, was developed, including a sale and leaseback operation of machines and the sale of unused material and real estate.
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