Ellomay Capital Swings to Loss in Q3

Ellomay Capital reported early Wednesday a Q3 unadjusted loss of $0.04 per share compared with an income of $0.46 per share a year ago.

Sales over the three months that ended Sept. 30 fell to $4.1 million from $4.4 million a year ago, according to a company statement. No analyst estimates were available for comparison.

In July 2016, Ellomay entered into a pact with Ludan Energy Overseas, a wholly-owned unit of Ludan Engineering, in connection with waste-to-energy projects in the Netherlands. After the deal is closed, the company will acquire at least 51% of each project. The expected overall cost of the projects is about EUR200 million ($209 million), the statement added.

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