RNB Retail And Brands: Shares plunge after profit warning
30/09/2019 13:44
** Shares in Swedish fashion group RNB Retail And Brands
RNBS.ST plunge 43%, heading for the worst day ever
** The company issues a profit warning, seeing on operating
loss of between SEK 35 mln and SEK 39 mln in Q4 as compared to
last year's Q4 loss of SEK 3 million urn:newsml:reuters.com:*:nWkr8JGcmv
** The company also expects Q4 operating result to be hit by
a goodwill impairment of SEK 65 mln
** The board of RNB Retail and Brands has also approved a
SEK 85 million rights issue to strengthen the company's
liquidity urn:newsml:reuters.com:*:nWkr1Bb8mv
(mateusz.topa@thomsonreuters.com)