PARIS, July 30 (Reuters) – Outdoor advertising firm JC Decaux published a first-half loss on Thursday, as the COVID-19 pandemic hit the international marketing sector, and the business said it might not offer a financial outlook given the unpredictable business environment.
JC Decaux reported a first-half bottom line of 254.9 million euros ($300 million), with profits coming by around 40%to 1.075 billion euros
” Thinking about the risk of new waves of COVID-19 and brand-new local lockdowns being implemented, it stays really hard to give an assistance for Q3 2020,” said Chairman and co-CEO Jean-Charles Decaux.
$ 1 = 0.8500 euros.
Reporting by Sudip Kar-Gupta; Modifying by Tom Hogue