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ATC — Arctic Paper SA News Story

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Brief: Arctic Paper Says Write-Down In Rottneros Unit To Hit Q2 Results By 53.4 Mln Zlotys

Aug 7 (Reuters) - Arctic Paper SA ATC.WA:

COMPLETES WRITE DOWNS FOR ROTTNEROS ASSETS

NEGATIVE IMPACT OF IMPAIRMENT WRITE-DOWN ON GROUP'S CONSOLIDATED RESULTS FOR Q2 WILL BE PLN 53.4 MILLION

SAYS REASON FOR WRITE-DOWN OF ASSETS IS ROTTNEROS PULP MILL CANNOT FULLY UTILIZE ITS PRODUCTION CAPACITY IN FACE OF CONTINUING WEAK MARKET CONDITIONS FOR MECHANICAL PULP

Source text: ID:nEM9vXffZa

Further company coverage: ATC.WA

 (Reporting by Gdansk Newsroom)

 ((gdansk.newsroom@thomsonreuters.com;))

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