Brief: Pepees Prelim. FY Net Profit down at 13.4 Mln Zlotys

Przedsiebiorstwo Przemyslu Spozywczego PEPEES SA

16/03/2018 11:53

March 16 (Reuters) - Pepees SA  PPSP.WA :
    * PRELIM. FY NET PROFIT 13.4 MILLION ZLOTYS VERSUS 17.6 MILLION ZLOTYS YEAR
AGO
    * PRELIM. FY REVENUE 224.3 MILLION ZLOTYS VERSUS 185.7 MILLION ZLOTYS YEAR
AGO
    * PRELIM. FY OPERATING. PROFIT 21.9 MILLION ZLOTYS VERSUS 23.6 MILLION
ZLOTYS YEAR
AGO
    * DESPITE HIGHER REVENUE., NET PROFIT LOWER YOY DUE TO WRITE-DOWNS, HIGHER
LABOUR
AND ENERGY COST
    * TO RECOGNISE IN CO FY RESULTS IMPAIRMENT IN AMOUNT OF 4.3 MILLION ZLOTYS
REGARDING LOSS VALUE OF UNIT, CHP ENERGIA
    * TO RECOGNISE IN CO STAND-ALONE FY RESULTS WRITE-DOWN OF RECEIVABLES, DOWN
PAYMENTS IN CHP ENERGIA  IN AMOUNT OF 3.5 MILLION ZLOTYS
    * BOTH WRITE-DOWNS ARE NON-CASH ONES AND WILL NOT AFFECT CO'S LIQUIDITY AND
OPERATIONAL ACTICITY

Source text for Eikon:  ID:nEM8SgbFJa 
Further company coverage:  PPSP.WA 

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