Brief: Orlen Expects To Book 1.6 Bln Zloty Impairment Charges In Q3 Results
BRIEF-Orlen Expects To Book 1.6 Bln Zloty Impairment Charges In Q3 Results Oct 23 (Reuters) - Orlen SA PKN.WA:
SAID ON THURSDAY IT HAS CONDUCTED IMPAIRMENT TESTS
ANTICIPATES RECOGNISING IMPAIRMENT CHARGES TOTALLING 1.6 BLN ZLOTYS IN Q3 CONSOLIDATED FINANCIAL STATEMENTS
IMPAIRMENTS CHARGES RELATE TO DOWNSTREAM SEGMENT TOTALLING 1.6 BLN ZLOTYS, MAINLY DUE TO EXPENDITURES ASSOCIATED WITH THE NEW CHEMISTRY PROJECT AND ENERGY SEGMENT TOTALLING 0.8 BLN ZLOTYS
COMPANY TO REVERSE ASSET IMPAIRMENT IN UPSTREAM & SUPPLY SEGMENT TOTALLING 0.8 BLN ZLOTYS
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