(AOF) – Mare Nostrum revealed its results for the first half of 2024, showing a net loss of 5.9 million euros (compared to -1.9 million a year previously) and a negative operating result of 2. 8 million euros (compared to -0.7 million). The turnover of the human resources expert for SMEs/ETIs for this period stands at 68.2 million euros compared to 88 million euros last year.
As of June 30, 2024, the consolidated cash position stood at 14.1 million euros and improved by 10.4 million compared to the first half of 2023 and by 9.5 million euros compared to the end of December 2023.
The Mare Nostrum group also indicates that it is “determined to continue its reorganization, through the continued optimization of its operating costs and its refocusing on its historical activities.”
The company has, as announced, appealed the decision of the Grenoble Commercial Court to convert the safeguard procedure into judicial recovery and is continuing to finalize its plan as part of a continuation solution, which the company intends to submit to the approval by the Commercial Court before the end of the observation period, scheduled for January 22, 2025.
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