Agfa cuts debt with $A273m sale of receivables in Q2

Agfa-Gevaert has turned to factoring to help reduce its net debt after it posted a €100 million ($A171m) drop in sales to €677m ($A1.16 billion), and a €9m ($A15m) net loss in its second-quarter results, compared with a €3m profit last year.

4 August, 2009