Brief: Krakchemia Prelim FY 2019 Net Loss 13.0 Mln Zlotys

Krakchemia SA

28/04/2020 09:48

April 28 (Reuters) - Krakchemia SA  KCH.WA :
    * REPORTED ON MONDAY PRELIMINARY FY 2019 NET LOSS OF 13.0
MLN
ZLOTYS
    * PRELIMINARY FY REVENUE OF 182.4 MLN ZLOTYS
    * PRELIMINARY FY OPERATING LOSS OF 10.7 MLN ZLOTYS
    * THE COMPANY HAS BOOKED A WRITE-DOWN OF 2.9 MLN ZLOTYS
WHICH HAS
IMPACTED ITS FINANCIAL RESULT
    * THE COMPANY HAS DECIDED TO LOWER GOODWILL OF MAXIMEX OF
4.9 MLN
ZLOTYS BY 9% IN PROPORTION TO THE DECREASE IN QUANTITATIVE
TURNOVER COMPARED TO THRESHOLD VALUE
    * FOLLOWING IMPAIRMENT TEST OF MAXIMEX, THE COMPANY HAS
RESOLVED
TO BOOK WRITE-DOWN OF 0.8 MILLION ZLOTYS
    * THE COMPANY'S FY FINANCIAL RESULTS HAVE BEEN AFFECTED
PRIMARILY
BY THE DECISION TO DISSOLVE THE DEFERRED TAX ASSETS OF 3.5 MLN
ZLOTYS FOR 2017, 2018 AND HALF OF 2019

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM17LKW4a
    
 Further company coverage:  KCH.WA