Brief: Monnari Trade updates on revaluation of real estate asset value

Monnari Trade SA

09/12/2016 07:28

Dec 9 (Reuters) - Monnari Trade SA  MONP.WA : 
    * Said on Thursday its management board decided to conduct a 
revaluation of the real estate located in Lodz, Poland, to the 
amount of 28.3 million zlotys from 12.9 million zlotys as at 
Sept. 30 
    * The company has a 70 pct interest in the property, which 
was acquired in 2015 
    * Estimates that due to the update of the property value, 
the value of its assets and financial results will be impacted 
with value increase of about 12 million zlotys  ($2.87 million) 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM0874105 
     
 Further company coverage:  MONP.WA   
    
 
 
 
($1 = 4.1813 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))