Brief: Mic determines high impairment losses in course of preparation of H1 results

Pyramid AG

22/09/2016 07:05

Sept 22 (Reuters) - Mic AG  M3BG.DE : 
    * Has established a high impairment on the basis of the 
matters arising from the focused business strategy standards and 
in the course of H1 report preparation 
    * Major shareholder mic Holding GmbH will soon convert the 
bulk of its about 4.6 million euros  ($5.16 million) shareholder 
loan into shares of mic ag 
    * According to prelim calculations, H1 net loss amounts to 
15.2 million euros, including impairment loss on shares of about 
10.6 million euros, write-offs of about 4.1 million euros and 
operating loss of about 0.5 million euros 
 
Source text for Eikon:  ID:nEQ9RflW7a  
Further company coverage:  M3BG.DE  
 
($1 = 0.8915 euros) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))