Brief: Qliro Group Subsidiary Qliro AB Reports Two Negative One-Off Effects Totalling SEK 24 Mln In Q2

Nelly AB (publ)

03/07/2020 13:34

July 3 (Reuters) - Qliro Group AB (publ)  QLRO.ST :
    * SAYS SUBSIDIARY QLIRO AB REPORTS TWO NEGATIVE ONE-OFF
EFFECTS
TOTALLING SEK 24 MILLION IN Q2
    * ONE-OFF EFFECTS IN THE SECOND QUARTER FOR THE SUBSIDIARY
QLIRO
AB
    * FIRST EFFECT IS AN IMPAIRMENT OF INTANGIBLE FIXED ASSETS
OF SEK
16 MILLION
    * SECOND EFFECT IS DUE A CHANGED METHOD REGARDING WHEN
COMMISSIONS
TO QLIRO AB'S MERCHANTS ARE RECORDED AND IS ESTIMATED AT SEK 8
MILLION
    * IMPAIRMENTS LOWER DEPRECIATIONS FOR YEARS 2020-2022 WITH
CORRESPONDING AMOUNT AND DO NOT AFFECT QLIRO'S CAPITAL ADEQUACY
    * NONE OF NON-RECURRING EFFECTS AFFECTS CASH FLOW

Source text for Eikon:  ID:nWkr9b71NP 
Further company coverage:  QLRO.ST 

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