Brief: Deutsche Balaton: pre-tax profit of c. EUR 9 mln from sale of associated company

Deutsche Balaton AG

04/10/2017 14:01

Oct 4 (Reuters) - DEUTSCHE BALATON AG  BBHG.F : 
    * EXPECTS THE SALE OF ASSOCIATED COMPANY IN CORNERSTONECAPITAL SEGMENT TO GENERATE A PRE-TAX 
PROFIT OF APPROX EUR 9 MILLION 
    * THE SALE ALSO HAS AN IMPACT ON FY RESULT IN THE AMOUNT OF APPROXIMATELY EUR 10 MILLION 
    * PROFIT TO BE REALIZED IN THE SECOND HALF OF 2017 
    * MANAGEMENT BOARD NOW EXPECTS FY 2017 CHANGE IN IFRS EQUITY FROM 20% TO 25% 
 
Source text for Eikon:  ID:nPexHLk7Na  
Further company coverage:  BBHG.F  
 
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