Brief: CDRL Sees H1 Net Loss At 3.4 Mln Zlotys Due To Write-Downs For Units In Belarus And Russia

CDRL SA

18/08/2022 16:02

Aug 18 (Reuters) - CDRL SA  CDLP.WA :
    * RESOLVES TO BOOK ABOUT 16.2 MILLION ZLOTY WRITE-DOWN ON
LIABILITIES AND ASSETS IN UNIT DPM
    * ALSO RESOLVES TO INCREASE WRITE-DOWN ON LIABILITIES FROM
UNIT
CDRL RUS TO 7.8 MILLION ZLOTYS
    * WRITE DOWNS TO INFLUENCE STANDALONE H1 NET PROFIT
    * WRITE DOWNS TO ALSO INFLUENCE CONSOLIDATED H1 NET PROFIT
    * CDRL SA SEES CONSOLIDATED H1 NET LOSS AT 3.4 MILLION
ZLOTYS DUE
TO SAID WRITE-DOWNS
    * IN Q2 CO RESOLVED TO SELL 100% STAKE IN CDRL RUS
    * LOSS OF CONTROL OVER SAID UNIT TO BRING LOSS OF 1.1
MILLION
ZLOTYS WHICH WILL IMPACT Q3 RESULTS
    * WRITE DOWNS DUE TO RUSSIAN AGGRESSION ON UKRAINE, ECONOMIC
SITUATION IN BELARUS AND RUSSIA AND SANCTIONS

Source text for Eikon:  ID:nEM1w0lGa 
Further company coverage:  CDLP.WA 

 (Gdansk Newsroom)
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