Brief: GA Zakłady Azotowe Puławy Says 568 Mln Zloty Write-Downs To Hit 2022 EBIT Results

Grupa Azoty Zaklady Azotowe Pulawy SA

14/03/2023 08:17

March 14 (Reuters) - GRUPA AZOTY ZAKLADY AZOTOWE
"PULAWY" SA  ZAPP.WA :
    * SAID ON MONDAY IT HAS RESOLVED TO BOOK WRITE-DOWNS FOR
FIXED
ASSETS IN OWŚP TWORZYWA (57 MLN ZLOTYS) AND OWŚP MELAMINA (511
MLN ZLOTYS)
    * WRITE-DOWNS WILL DECREASE THE GROUP'S CONSOLIDATED 2022
EBIT
RESULT BY 568 MILLION ZLOTYS 
    * SAID WRITE-DOWNS WILL NOT AFFECT CONSOLIDATED EBITDA
    * THE COMPANY HAS ALSO BOOKED WRITE-DOWNS FOR INVENTORY
VALUE THAT
WILL LOWER THE COMPANY'S EBIT AND EBITDA RESULTS
    * TOTAL NET VALUE OF WRITE-DOWNS BOOKED IN Q4 AMOUNTED TO
ABOUT 74
MILLION ZLOTYS

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEMnBHXga
 Further company coverage:  ZAPP.WA  

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