Brief: Modivo To Book H1 Impairment Of 287.6 Million Zlotys On Worldbox
BRIEF-Modivo To Book H1 Impairment Of 287.6 Million Zlotys On Worldbox Sept 28 (Reuters) - Modivo SA MDVP.WA:
SAID ON FRIDAY THAT IT WOULD RECOGNIZE 287.6 MILLION ZLOTY CONSOLIDATED IMPAIRMENT CHARGE IN H1 FINANCIAL RESULTS RELATED TO WORLDBOX DUE TO SLOWER EXPANSION AND STRATEGIC FOCUS ON OFF-PRICE SEGMENT
IMPAIRMENT IS NON-CASH AND HAS NO IMPACT ON LIQUIDITY OR CREDIT COVENANTS
MICHAL KUJAWA RESIGNS AS WORLDBOX CEO, DARIUSZ MILEK INTENDED TO BE APPOINTED AS SUCCESSOR
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