WERDOHL (dpa-AFX) - German rail technology company VOSSLOH (VOSSF.PK) reported a first-half net loss of €9.6 million or €0.58 per share compared to a loss of €23.4 million or €1.58 per share last year.
Sales revenues for the period declined to €393.2 million from €437.1 million generated in the prior year period, substantially impaired by COVID-19, particularly during the second quarter.
Vossloh continues to expect fiscal 2020 sales to be between €900 million and €1 billion. Due to the potential sales shifts, the company said it assumes sales would be at the lower end of the expected range.
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