Brief: Ellen writes down part of loan to Asian subsidiary
12/03/2015 07:41
March 12 (Reuters) - Ellen AB ELLE.ST :
* Writes down part of loan to Asian subsidiary as launch
took longer than expected
* Write-down means that result for 2014 will deteriorate,
against what was previously announced in year-end report, by 1.3
million Swedish crowns ($151,284)
* Ellen AB's claim to subsidiary Ellen Asia Ltd., which
Ellen AB owns to 70 percent, amounted on Dec. 31, 2014 to 3.8
million crowns
Source text for Eikon: ID:nSSN5Kvw
Further company coverage: ELLE.ST
($1 = 8.5931 Swedish crowns)
(Gdynia Newsroom)
((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))