Nextil reduces H1 losses by 39.3 percent

European textile group Nextil, owner of brands such as Treiss, EFA, Ritex, Sici93, Playvest, Anna Llop or Dogi, reported first half EBITDA of 2.9 million euros (3.1 million dollars), 4.9 million more over the same period last year, reflecting the upward trend in profitability. The company said in a statement that positive evolution of the business allowed losses to be reduced by 39.3 percent, recording a loss before tax of 2.6 million euros (2.8 million dollars), compared to 4.3 million euros in the same period in 2018, representing an improvement of 1.7 million euros. Turnover in this period rose 27.5 percent to over 48.7 million euros (53 million dollars).