Brief: PCF Group Sees Lower Revenues From Project Gemini Due To Updated Commercial Terms

PCF SA

20/06/2024 06:46

June 20 (Reuters) - PCF GROUP SA  PCF1.WA :
    * SAID ON WEDNESDAY THAT IT HAS AGREED ON A PLAN FOR PROJECT
GEMINI WITH ITS PUBLISHER, SQUARE ENIX LIMITED
    * AS A CONSEQUENCE, COMPANY HAS SIGNED ANOTHER CONTENT RIDER
TO
THE DEVELOPMENT AND PUBLISHING AGREEMENT REGARDING THE PROJECT
    * UNDER CONTENT RIDER PROJECT GEMINI DEVELOPMENT WILL NOT BE
CONTINUED ON ITS CURRENT COMMERCIAL TERMS
    * AS A CONSEQUENCE, THE BOARD ESTIMATES THAT THE FUTURE
REVENUE
GENERATED BY THE COMPANY FROM THE PROJECT WILL ONLY COVER DIRECT
COSTS INCURRED FOR ITS DEVELOPMENT
    * UPDATED COMMERCIAL TERMS IN THE VALUATION OF PROJECT
GEMINI WILL
REDUCE CONSOLIDATED SALES REVENUE DUE TO REDUCTION OF THE MARGIN
ACHIEVED BY COMPANY ON AGREEMENT 

        
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 Further company coverage:  PCF1.WA  

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