PARIS (Reuters) – French technology services company Solutions 30, whose shares have fallen this year on concerns over corporate governance issues, said it was hoping to have new management and control procedures in place by the fourth quarter of this year.
Solutions 30, which has corporate headquarters in Luxembourg and shares listed in Paris, issued the update as it reported that second quarter revenues had risen 22.9% from a year ago to 216 million euros ($255.53 million).
“Solutions 30 is continuing its progress plan and in early June launched a transformation plan designed to strengthen its organisation in terms of governance, risk management and compliance, with the aim of having new management and control procedures in place by the fourth quarter of 2021,” it said.
($1 = 0.8453 euros)
(Reporting by Sudip Kar-Gupta; Editing by David Goodman)
