Brief: Braster Files Restructuring Plan To Court

Braster SA

20/10/2020 08:32

Oct 20 (Reuters) - Braster SA  BRAR.WA :
    * SAID ON MONDAY IT HAS FILED WITH THE COMPANY'S
RESTRUCTURING
PLAN ALONG WITH ARRANGEMENT PROPOSALS FOR CREDITORS
    * COMPANY PLANS INTERNATIONAL DISTRIBUTION THROUGH
INTERMEDIARIES
TO BOOST SALES OF FLAGSHIP PRODUCTS SYSTEM BRASTER AND BRASTER
PRO
    * SAYS MARKETING ACTIVITIES TO TARGET MEDICAL SECTOR WORKERS
AND
FEMALE CLIENTS
    * COMPANY WILL DIVERSIFY REVENUE THROUGH PRODUCTION AND
SALES OF
NEW OWN PRODUCTS, SALES OF THIRD PARTY PRODUCTS
    * COMPANY WILL ENTER RENEWABLE ENERGY SECTOR AND COVID-19
PANDEMIC-RELATED PRODUCT SECTOR
    * FINANCING MEASURES WILL INCLUDE SHARE CAPITAL INCREASE
    * COMPANY PLANS TO CUT FIXED COSTS TO ABOUT 150,000 ZLOTYS
PER
MONTH BY APRIL 2021
    * IN LIKELY SCENARIO COMPANY SEES FY NET RESULT TURNING TO
PROFIT
OF 2.3 MILLION ZLOTYS IN 2023
    * IN PESSIMISTIC SCENARIO COMPANY SEES FY NET RESULT TURNING
TO
PROFIT OF 0.9 MLN ZLOTYS IN 2023

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1yz4PHa
    
 Further company coverage:  BRAR.WA  
   


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