Brief: Jacquet Metals Anticipates 2020 Net Income (Group Share) Close To Break-Even

Jacquet Metals SA

19/02/2021 17:12

Feb 19 (Reuters) - Jacquet Metals SA  JCQ.PA :
    * GROUP ANTICIPATES 2020 NET INCOME (GROUP SHARE) CLOSE TO
BREAK-EVEN
    * IN CONTEXT OF ANNUAL ACCOUNTS CLOSING AS OF DECEMBER 31,
2020,
GROUP PERFORMS A VALUATION OF ITS STEELS INVENTORIES
    * VALUATION OF INVENTORIES BENEFITS AT YEAR-END FROM
INCREASE IN
RAW MATERIAL PRICES
    * INVENTORY IMPAIRMENT AT 2020 YEAR-END SHOULD RETURN TO
2019
YEAR-END LEVEL, AROUND 15% OF GROSS VALUE OF INVENTORIES
    * THIS DECREASE IN INVENTORY IMPAIRMENT IMPROVES RESULT AND
ENABLES GROUP TO ANTICIPATE 2020 NET INCOME (GROUP SHARE) CLOSE
TO BREAK-EVEN

Source text for Eikon:  ID:nBw91dmYya 
Further company coverage:  JCQ.PA 

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