Brief: Groclin Sees Significant Revenue And Profitability Level Drop, Starts Divestment In Ukraine

Less SA

03/04/2020 14:13

April 3 (Reuters) - Groclin SA  GCN.WA :
    * STARTS PROCESS OF DIVESTMENT OF PRODUCTION ASSETS MAINLY
IN
UKRAINE
    * ESTIMATED DEAL VALUE AT $4.5 MILLION
    * EXPECTS VERY SIGNIFICANT DROP IN REVENUE LEVEL AND LEVEL
OF
PROFITABILITY OF ACTIVITIES
    * GROUP HAS VERY SIGNIFICANTLY LIMITED ITS PRODUCTION
ACTIVITY,
ADJUSTING IT TO THE CURRENT LEVEL OF ORDERS
    * CO CANNOT EFFICIENTLY PARTICIPATE IN AID PROGRAMS FOR
POLISH
COMPANIES, SINCE SIGNIFICANT PART OF CO'S PRODUCTION AND COSTS
ARE LOCATED IN UKRAINE

Source text for Eikon:  ID:nEM4hQ48Ba 
Further company coverage:  GCN.WA 

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