Brief: Bactiguard Focuses Operations In MEA

Bactiguard Holding AB

05/02/2019 06:47

Feb 5 (Reuters) - Bactiguard Holding AB  BACTIb.ST :
    * BACTIGUARD FOCUSES OPERATIONS IN MEA
    * TRANSFERS ITS DISTRIBUTION TO IRAQ TO A EUROPEAN DISTRIBUTOR THAT, AT SAME TIME, TAKES
OVER
ACCOUNTS RECEIVABLE AT A BOOK VALUE OF SEK 17.1 MILLION
    * POSITIVE CASH FLOW WILL BE GENERATED WHEN PROCEEDS ARE PAID IN Q1 OF 2019
    * PROCEEDS AMOUNT TO SEK 12.8 MILLION
    * TRANSFER IS EXPECTED TO BE POSITIVE FOR BACTIGUARD'S LONG-TERM PROFITABILITY IN MIDDLE
EAST
    * WRITE-DOWN OF ACCOUNTS RECEIVABLE CORRESPONDING TO BALANCE OF SEK 4.3 MILLION IS MADE IN
ACCOUNTS FOR 2018

Source text for Eikon:  ID:nWkr6f4s2H 
Further company coverage:  BACTIb.ST 

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