Brief: Huuuge To Book About $26.1 Mln Write-Down

Huuuge

09/02/2023 07:34

Feb 9 (Reuters) - Huuuge  HUGP.WA :
    * SAID ON WEDNESDAY IT WILL BOOK WRITE-DOWN FOR IP RELATED
TO
"TRAFFIC PUZZLE" GAME
    * DUE TO IMPAIRMENT BOOK VALUE OF ASSET WILL BE REDUCED BY
ABOUT
$26.1 MILLION
    *         IMPAIRMENT LOSS WILL BE RECOGNISED IN FY FINANCIAL
RESULT AND WILL REDUCE GROUP'S OPERATING RESULTS, BUT WILL NOT
AFFECT ADJUSTED EBITDA
      
    * TRAFFIC PUZZLE WILL REMAIN ACTIVE AND ACCESSIBLE TO
PLAYERS, AND
IS EXPECTED TO CONTINUE TO GENERATE REVENUE

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM2pzYT4a
 Further company coverage:  HUGP.WA  
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