Brief: Lechwerke: one-time special effect of EUR 21 mln to increase income in 2017

Lechwerke AG

16/11/2017 07:09

Nov 16 (Reuters) - LECHWERKE AG  LECG.F : 
    * SAID ON WEDNESDAY A CHANGE IN CALCULATION OF PENSION 
PROVISIONS 
LEADS TO A REVERSAL OF EXCESSIVELY HIGH PENSION PROVISIONS IN 
PAST  
    * THE ONE-TIME SPECIAL EFFECT INCREASES THE BALANCE SHEET 
PROFIT 
OF LECHWERKE AG FOR THE 2017 BY APPROX. EUR 21 MILLION TO AN 
ESTIMATED EUR 120 MILLION 
    * MANAGEMENT BOARD OF LECHWERKE AG IS CURRENTLY PLANNING TO 
ENTER 
THE CORRESPONDING AMOUNT IN RETAINED EARNINGS 
    * A DISTRIBUTION IS CURRENTLY NOT PLANNED 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEQ5DQr9ba 
     
 Further company coverage:  LECG.F   
    
 
 
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