Rocket Internet reports H1 loss of 12 million euros

Rocket Internet SE has announced a consolidated loss of 12 million euros (14.2 million dollars) for the first six months in 2020. The company said in a statement that it generated 45 million euros (53.3 million dollars) of consolidated revenue and earnings per share of negative 0.07 euro in H1 2020. The company added that loss of associates and joint ventures increased from negative 48 million euros in Q1 to negative 84 million euros (99.5 million dollars) in H1 2020. The company said that main driver for the overall improvement in consolidated loss versus the first quarter was the financial result of 80 million euros in H1 2020.