Brief: PCF Group Project Dagger Write-Down To Hit FY Results By 68.3 Mln Zlotys

PCF SA

08/04/2024 07:49

April 8 (Reuters) - PCF Group  PCF1.WA :
    * SAID ON FRIDAY THAT IT HAS RESOLVED TO DISCONTINUE WORK ON
PROJECT DAGGER
    * DISCONTINUATION DUE TO REVALUATION OF COMPANY PROJECTS
DEVELOPMENT PLANS AFTER PROJECT DAGGER'S UNSATISFACTORY
COMMERCIAL EVALUATION RESULTS AFTER REDEFINING THE DIRECTION OF
THE GAME'S DEVELOPMENT ANNOUNCED ON NOV 28
    * DISCONTINUATION DECISION RESULTS IN WRITE-DOWN IN AMOUNT
OF 100%
OF EXPENDITURES INCURRED FOR THE PROJECT
    * WRITE DOWN TO IMPACT FY CONSOLIDATED RESULTS BY 68.3 MLN
ZLOTYS
    * WRITE DOWN WILL NOT IMPACT FY CONSOLIDATED EBITDA

        
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