Brief: artnet AG expects FY loss of EUR 3.1 mln

Artnet AG

17/03/2015 07:28

March 17(Reuters) - artnet AG  AYDGn.DE : 
     
    * Announced on Monday preliminary result for the financial 
year 2014 
    * Said annual loss for the 2014 fiscal year is expected to 
be 3.1 million euros($3.28 million)(company had anticipated a 
loss of 0.5 million euros) 
    * Said that difference mainly resulted from a non 
cash-relevant write-off of deferred tax assets and capitalized 
development costs, as well as a provision created for the fine 
by the Paris Court of Appeal and a pending proceeding in Germany 
on the same matter 
    * Said it was decided by CEO to postpone the publication of 
the 2014 Annual Report to April 30 
 
     
  
 Source text for Eikon:  ID:nEQ4vRk57a  
     
 Further company coverage:  AYDGn.DE   
    
 
 
 
($1 = 0.9442 euros) 
 
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