Brief: BBI Development: Write-Offs To Affect FY 2017 Reports

Bbi Development SA

23/04/2018 09:25

April 23 (Reuters) - BBI DEVELOPMENT SA  BBD.WA :
    * SAID ON FRIDAY IT DECIDED TO CREATE REVALUATION WRITE-OFFS
FOR
THE RESULT FOR THE SECOND HALF OF 2017 IN THE AMOUNT OF 10.9
MILLION ZLOTYS IN CONSOLIDATED REPORT AND 8.9 MILLION ZLOTYS IN
INDIVIDUAL REPORT
    * THE WRITE-OFFS ARE RESULT OF COMPLETION OF PROCESS OF
ESTIMATING
THE VALUE OF COMPANY'S DEVELOPMENT PROJECTS AND ACCOMPANYING
TEST FOR IMPAIRMENT OF THE ASSETS OF COMPANY UNIT REALTY 2
MANAGEMENT SP. Z O.O. DEVELOPER'S PROJECT 10 S.K.A.

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM34nw2ta
    
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