Brief: Quest Holdings FY Net Profit At EUR 7.8 Million

Quest Holdings SA

08/04/2020 08:24

April 8 (Reuters) - Quest Holdings SA  IQTr.AT :
    * REPORTED ON TUESDAY FY 2019 SALES OF EUR 600.3 MLN VS EUR
497.7
MLN YR AGO
    * FY EBITDA EUR 53.4 MLN VS EUR 33.9 MLN YR AGO
    * FY NET PROFIT AFTER NON-CONTROLLING INTEREST AT EUR 7.8
MLN VS
EUR 18.7 MLN YR AGO
    * SAYS PROFIT NEGATIVELY AFFECTED BY THE REVERSAL(DELETION)
OF TAX
ASSET OF EUR 12.7 MLN BASED ON A NEW LEGISLATION PASSED IN
DECEMBER 2019, WHICH RESULTED IN A ONE OFF HIT TO THE NET
RESULTS, HOWEVER WITHOUT ANY IMPACT IN CASH
    * SAYS ABOVE ONE OFF EFFECT IS AN EXTRAORDINARY - ONE OFF
NON CASH
EVENT, IT HAS NO EFFECT ON THE RECURRING PROFITABILITY OF THE
GROUP AND WILL NOT AFFECT THE CONTINUATION OF THE EXISTING
DIVIDEND POLICY
    * SEES COVID-19 IMPACT ON THE GROUP MANAGEABLE, PARTLY DUE
TO ITS
DIVERSIFICATION OF BUSINESSES

    
 Source text : https://bit.ly/2wnNrJb
    
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