Brief: Huuuge Reports Impairment Of Investment In Bananaz Studios

Huuuge

16/01/2025 16:10

Jan 16 (Reuters) - Huuuge Inc  HUGP.WA :
    * REPORTS IMPAIRMENT OF INVESTMENT IN BANANAZ STUDIOS LTD.
    * TO REDUCE BOOK VALUE OF ASSET BY $3.5 MILLION
    * IMPAIRMENT CHARGE TO REDUCE OPERATING RESULTS, NO IMPACT
ON CASH
FLOWS
    * TO CEASE FURTHER FUNDING OF BANANAZ STUDIOS LTD.

Source text:  urn:newsml:reuters.com:*:nEM8R9Qvva
Further company coverage:  HUGP.WA 

 (Reporting by Gdańsk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 769 66 00;))