Tubos Reunidos H1 net loss widens to EUR 88.2 million; net sales fall to EUR 99.37 million

• Tubos Reunidos posted a consolidated net loss of EUR 88.2 million for the first half, widening from EUR 29 million a year earlier.
• Net sales fell 51.7% year on year to EUR 99.4 million, with the operating loss widening to EUR 77.5 million.
• Impairment charges totaled EUR 39.1 million, while the net financial loss narrowed to EUR 10.7 million from EUR 18.1 million.
• Cash and cash equivalents slipped to EUR 21.2 million at June 30 from EUR 31.9 million at Dec. 31.

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