Brief: Catella: Changed Accounting Period For Divestment Of Development Projects

Catella AB

27/01/2020 06:07

Jan 27 (Reuters) - Catella AB  CATb.ST :
    * CHANGED ACCOUNTING PERIOD FOR PREVIOUSLY COMMUNICATED
DIVESTMENT
OF DEVELOPMENT PROJECTS
    * TRANSACTION HAS A TOTAL POSITIVE EFFECT ON PROFIT AFTER
TAX OF
APPROXIMATELY SEK 170 M, WHICH IS EXPECTED TO BE REPORTED Q1 OF
2020
    * TRANSACTION AND VALUE FOR CATELLA ARE UNCHANGED COMPARED
TO
PREVIOUS COMMUNICATIONS
    * REASON FOR SHIFT IN ACCOUNTING PERIOD IS THAT SHARES IN
PROJECT
WERE NOT TRANSFERRED TO BUYER AS OF DECEMBER LAST 2019, WHICH
MEANS THAT TRANSACTION CANNOT BE REPORTED DURING Q4 2019

Source text for Eikon:  ID:nWkr3gV6vw 
Further company coverage:  CATb.ST 

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