spains green energy company abengoa losses 3689 bln euros in 2016 first semester
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

Spain's green energy company Abengoa losses 3.689 bln euros in 2016 first semester

Arab Today, arab today

Arab Today, arab today Spain's green energy company Abengoa losses 3.689 bln euros in 2016 first semester

Spanish Solar Company.
Madrid - XINHUA

Spanish Green Energy company Abengoa registered losses of 3.689 billion euros (about 4.13 billion U.S. dollars) in the first semester of the year, the company announced on Friday.

According to the company, the losses were due to the damage of the company's assets and the restructuring process the company is going through, which slowed down Abengoa's businesses.

Abengoa's turnover fell by 63 percent to 1.215 billion euros in the first six months of 2016 due to liquidity constraints resulting from the restructuring process.

Meanwhile, the damage of assets within the bioenergy business, solar power facilities in Chile and South Africa as well as transmission lines in Brazil also had a big impact on the company's results.

Abengoa had lost 340 million euros in the first quarter of this year and 1.213 billion euros in 2015.

The company reached an agreement with creditors in August, 2016, in order to avoid what could be Spain's largest corporate bankruptcy. It had started pre-insolvency proceedings in November, 2015, after a potential investor cancelled its investment.

The company, which was born in 1941, works in more than 80 countries. It employed 24,306 people worldwide, but due to the restructuring process it has already cut at least 11,000 jobs.

Source : XINHUA

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spains green energy company abengoa losses 3689 bln euros in 2016 first semester spains green energy company abengoa losses 3689 bln euros in 2016 first semester

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

spains green energy company abengoa losses 3689 bln euros in 2016 first semester spains green energy company abengoa losses 3689 bln euros in 2016 first semester

 



GMT 16:52 2017 Tuesday ,21 February

Iraqi troops push into Daesh-held southern

GMT 10:50 2017 Tuesday ,05 December

Technip lands Bahrain refinery mega contract

GMT 08:12 2017 Monday ,10 April

Minister receives School Mini Olympics winners

GMT 13:15 2017 Thursday ,31 August

Al-Basher Arrives in the Holy Land

GMT 18:19 2017 Tuesday ,17 October

Producers' group moves to expel Weinstein

GMT 13:00 2015 Sunday ,18 October

DEWA participates in 11th Women’s Forum in France

GMT 15:48 2017 Wednesday ,22 February

GOIC Encourages Paper Industry in GCC States

GMT 02:41 2016 Tuesday ,08 November

US, Turkey COS held talks on Syria, Iraq

GMT 23:18 2017 Wednesday ,22 November

HRH Premier lauds Bahrain's ability to host major events
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2021 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday