Brief: Larq Says Provision To Lower FY Net Profit By 3.4 Mln Zlotys

Larq SA

24/03/2023 06:42

March 24 (Reuters) - Larq SA  LRQ.WA :
    * SAID ON THURSDAY IT HAS RESOLVED TO CREATE 3.4 MILLION
ZLOTY
PROVISION THAT WOULD NEGATIVELY IMPACT FY NET PROFIT
    * SAID PROVISION CREATED FOR POTENTIAL LIABILITIES THAT
COULD
ARISE IN CASE TWO UNFAVOURABLE COURT SENTENCES WOULD COME INTO
FORCE
    * SAID SENTENCES REGARD LEGAL CASES BROUGHT AGAINST THE
COMPANY TO
THE COURT BY ALIOR BANK
    * SAID LEGAL CASES CONCERN MORTGAGES ON COMPANY'S REAL
ESTATE FOR
COLLATERAL ON DEBT TAKEN BY NEXTBIKE POLSKA

        
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