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MarketScreener Homepage  >  Equities  >  Tokyo Stock Exchange  >  DRAFT Inc.    5070   JP3639350002

DRAFT INC.

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Italian draft budget is due mid-October - EU budget commissioner

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08/30/2019 | 07:16am EDT
EU Budget Commissioner Oettinger holds a news conference in Brussels

ALPBACH, Austria (Reuters) - Italy must hand in a draft budget by mid-October despite the political turbulence there, the European Union's budget commissioner said on Friday.

"All member states have to deliver their draft budget mid-October," Guenther Oettinger said at an economic event in the Austrian province of Tirol.

Italy's president asked Giuseppe Conte on Thursday to return as prime minister in a new coalition of the 5-Star Movement and opposition Democratic Party (PD), a move that could improve Italy's fractious relations with the EU.

Oettinger said he hoped Italy soon had a new government able to deliver at least a first budget draft. "If they say we need five or 10 more days, no problem," he said.

(Reporting by Kirsti Knolle; Editing by Mark Heinrich)

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Financials
Sales 2020 6 041 M 56,5 M 56,5 M
Net income 2020 297 M 2,78 M 2,78 M
Net cash 2020 815 M 7,62 M 7,62 M
P/E ratio 2020 11,7x
Yield 2020 0,87%
Capitalization 5 177 M 48,4 M 48,4 M
EV / Sales 2019 -
EV / Sales 2020 0,57x
Nbr of Employees 144
Free-Float 28,4%
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