Brief: Detection Technology Certified As HNTE In China

DETECTION TECHNOLOGY Oyj

08/12/2020 10:02

Dec 8 (Reuters) - Detection Technology Oyj  DETEC.HE :
    * DETECTION TECHNOLOGY CERTIFIED AS A HIGH AND NEW
TECHNOLOGY
ENTERPRISE (HNTE) IN CHINA
    * CHINESE AUTHORITIES HAVE APPROVED DETECTION TECHNOLOGY'S
APPLICATION FOR HIGH AND NEW TECHNOLOGY (HNTE) CERTIFICATION,
AND IT'S BEIJING-BASED SUBSIDIARY IS GRANTED A HNTE
CLASSIFICATION
    * FINANCIAL IMPACT TO GROUP'S NET PROFIT IN
JANUARY-SEPTEMBER 2020
IS ESTIMATED TO BE AROUND 350 THOUSAND EUROS
    * CERTIFICATION AND LOWER TAX RATE OF 15% HAVE BEEN GRANTED
FOR
THREE YEARS
    * AFTER THREE-YEAR-PERIOD, COMPANY CAN REAPPLY FOR
CERTIFICATE AND
BE RECERTIFIED, IF IT MEETS HNTE-CRITERIA.

Source text for Eikon:  ID:nWkr9HbmrZ 
Further company coverage:  DETEC.HE 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))