Brief: Energa Says Final Settlement Of Ostroleka C Coal Project To Boost 2022 Net Profit

Energa S A

01/04/2022 17:56

April 1 (Reuters) - Energa SA  ENGP.WA :
    * FINAL AMOUNT DUE FOR SETTLEMENT OF OSTROLEKA C COAL
PROJECT WITH
GE POWER AND GE STEAM POWER SYSTEMS AT 958 MILLION ZLOTYS NET
    * SETTLEMENT OF COAL PROJECT WITH GENERAL CONTRACTOR IS
FINALISED
    * SETTLEMENT COSTS INCURRED BY COMPANY AT 479 MILLION ZLOTYS
NET
WITH SAME AMOUNT ATTRIBUTABLE TO ENEA
    * SEES POSSIBILITY OF FURTHER RELEASING OF PROVISION TO
LEVEL OF
ABOUT 16 MILLION ZLOTYS
    * POSITIVE IMPACT ON 2022 NET PROFIT AT ABOUT 30 MILLION
ZLOTYS AS
RESULT OF LOWERING PROVISION

Source text for Eikon:  ID:nEM79JbL0a 
Further company coverage:  ENGP.WA 

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