Interim report on operation at 30 september 2018
(WorldNews Italy)

QUARTERLY CONSOLIDATED FINANCIAL STATEMENTS AT 30 SEPTEMBER 2018 The Board of Directors has today approved the consolidated financial statements as at September 30th2018. IRCE Group`s (hereinafter also the "Group") nine months of 2018 closed with an EBIT of EUR 7.82 million and a net profit of EUR 6.54 million. In the winding wire sector, the third quarter confirmed the slowdown in demand in the European market already recorded in the first part of the year, with a consequent decrease in sales of around 7%. Total sales instead showed a smaller reduction thanks to the results obtained on Extra European markets. Sales, in the cable sector, are 19 % higher than those of the same period...