The first half of the RCS Mediagroup group ended with a negative operating result of 377,5 million which compares with a negative result of 10 million as at 30 June 2011. The decrease, explains a note from RCS, is mainly determined by the write-downs made in the second quarter of 2012 on the intangible assets of Newspapers Spain (-€300,9 million) and Blei (-€4,4 million). The group's net loss in the period amounted to 427 million (-19,5 million as at 30 June 2011). The Rcs board of directors approved the economic and financial situation as at 30 June 2012 'which highlights the case referred to in art. 2446 of the Civil Code'.
The write-down of the Spanish assets has in fact contributed to the reduction of shareholders' equity (from 716,8 million post merger as at 2012 January 335,6 to 30 million as at 2012 June 2446) and consequently the board of directors decided to call the shareholders' meeting of shareholders to discuss and resolve on the adoption of appropriate measures pursuant to article XNUMX (capital reduction due to losses) in connection with the approval of a recovery plan.
At the opening of the session in Piazza Affari, the Rcs Mediagroup share dropped by 7%.
