Brief: PZ Cormay to report lower FY 2014 results due to incorrect accounting

PZ Cormay SA

27/02/2015 10:03

Feb 27 (Reuters) - PZ Cormay SA  CRM.WA : 
     
    * Said on Thursday that due to an incorrect classification 
of costs and expenses, there have been certain irregularities in 
the company's financial statements in FY 2009-2014 
    * These irregularities overvalued the capital group's assets 
and inflated its financial results in the period mentioned 
before 
    * The total value of the irregularities in that period has 
amounted to over 21 million zlotys ($5.7 million)   
    * Due to the above, the company's FY 2014 financial result 
will be lowered by 2.3 million zlotys  
  
 Source text for Eikon:  ID:nEM2668180  
     
 Further company coverage:  CRM.WA   
    
 
 
 
($1 = 3.6959 zlotys) 
 
 (Gdynia Newsroom) 
 ((gdynia.newsroom@thomsonreuters.com; +48 58 698 3920;))