Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

BRIEF-Latam Autos says operations in Peru are expected to be maintained at cash flow breakeven in 2017

Published 13/04/2017, 08:39 pm
Updated 13/04/2017, 08:40 pm
© Reuters.  BRIEF-Latam Autos says operations in Peru are expected to be maintained at cash flow breakeven in 2017

April 13 (Reuters) - Latam Autos Ltd LAA.AX :

* Operations in Peru are expected to be maintained at cash flow breakeven in 2017

* Expenditure in Argentina and Panama will be reduced to minimal levels with closure of local offices in 2017

* Argentina and panama domains and organic revenues are expected to be maintained to provide future optionality in 2017

* Senior management remuneration will also be reduced by 25% Source text for Eikon: ID:nASX7YbQFh Further company coverage: LAA.AX

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.