Aedes SIIQ S.p.A. Reports Consolidated Earnings Results for the First Half Ended June 30, 2017
Aedes SIIQ S.p.A. reported consolidated earnings results for the first half ended June 30, 2017. For the period, the company has posted total revenues of €9.3 million against €8.7 million a year ago. EBITDA was €0.2 million against €0.1 million a year ago. Profit for the period was €3.2 million against €17.2 million a year ago. This decrease is essentially due to lower fair value adjustments in the first half of 2017, equal to €7.9 million with respect to those carried through in the first half of 2016, which were equal to €23.1 million, almost entirely attributed to the acquisition of the Redwood Portfolio. Net financial debt was €195.6 million against €150.6 million a year ago. EBIT is positive for €5.8 million with respect to €19.5 million in 2016.