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Helios Towers losses widened in H1; keeps guidance unchanged

By BFN News | 07:44 AM | Thursday 13 August, 2020


Telecommunication company Helios Towers reported wider first-half losses as losses on financial instruments offset a rise in revenue. For the 6 months to 30 June 2020, pre-tax losses widened to $83m from $18.7m on-year, while revenue rose 7% to $204.0m. Revenue was boosted by continued growth in the number of sites and tenancies across the group. The company reported a loss of $35m on financial instruments, compared with a gain of $24.3m on-year. 'Our H1 2020 performance has been broadly in line with expectations and there has been no significant operational impact from COVID-19 to date,' the company said. The company kept its guidance unchanged. Story provided by StockMarketWire.com

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