Brief: WSE Resumes Trading Of Sadovaya Group's Shares

Sadovaya SA

04/04/2018 09:36

April 4 (Reuters) - SADOVAYA GROUP SA  SGRE.WA 
    * ON TUESDAY WARSAW STOCK EXCHANGE (WSE) RESOLVED TO RESUME
TRADING OF SHARES OF SADOVAYA GROUP AS OF APRIL 4
    * DECISION FOLLOWS THE COMPANY'S PUBLICATION OF ITS FY 2016
REPORT
    * CO REPORTED ON MARCH 30 ITS FY 2016 NET LOSS AT $18.1
MILLION
VERSUS LOSS OF $38.8 MILLION A YEAR AGO
    * FY 2016 REVENUE WAS $8,954 VERSUS $1.0 MILLION A YEAR AGO
    * "DUE TO DIFFICULT FINANCIAL SITUATION, IMPOSSIBILITY OF
RESTARTING OF ITS SUBSIDIARIES ACTIVITIES LOCATED IN UKRAINE
WHERE THE ARMED CONFLICT TAKES PLACE, IN 2016 SADOVAYA GROUP
INCURRED LOSSES AND WAS BOUND TO POSTPONE AUDIT OF THE REPORT
2016 UNTIL FULL COMPLETION OF MILITARY OPERATIONS," MANAGEMENT
SAID IN REPORT
    * "UP TO DATE, DUE TO THE CONTINUOUS ONGOING-ARMED ACTIONS,
SADOVAYA GROUP HAS NOT BEEN ABLE TO DETERMINE THE EXACT AMOUNT
OF MATERIAL DAMAGE AND LOSSES INCURRED BY THE COMPANY...," IT
ADDED  urn:newsml:reuters.com:*:nEM57kQJra

    
 Source text: https://bit.ly/2Io0Il6
    
 Further company coverage:  SGRE.WA  
   


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