You are here

KEO: Increased losses due to dismissals

21/12/2011 09:51
The financial results of KEO in 2011 are expected to be lower than those of 2010. According to an announcement released today, “the results for 2011 are expected to be lower than those of the corresponding period of 2010 due to the reorganization cost in 2011, which is not recurrent”.

The company announced losses of €3.4 million in 2010 against losses of €3.7 million in 2009. In the first half of 2011, its losses stood at €6.3 million.

Within the framework of its reorganization, 20% of its staff became redundant, around 120 employees.