Brief: iAlbatros Group Q3 net loss at 127,000 zlotys, to sell up to 100 pct of iAlbatros Poland

Satis SA

21/11/2016 08:40

Nov 21 (Reuters) - iAlbatros Group SA  IAGP.WA : 
    * Reported on Friday that it has decided to sell up to 100 
pct stake in iAlbatros Poland SA  
    * Due to the consolidation of competitors and partners,  
iAlbatros Poland has come under pressure from big firms with 
global reach and complex range of services 
    * The consolidation might impact iAlbatros Poland from H2 
2017 
    * The sale will affect the company's 2017-2019 strategy 
which was based on iAlbatros Poland operations and selling other 
assets of the company 
    * Sees selling shares in iAlbatros Poland to a financial or 
industry partner as the best course of action for the iAlbatros 
Group's shareholders 
    * Also on Oct 18 reported Q3 revenue of 44.6 million zlotys  
($10.67 million) versus 30.5 million zlotys a year ago 
    * Q3 net loss was 127,000 zlotys versus profit of 2.9 
million zlotys a year ago 
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1870627 and  urn:newsml:reuters.com:*:nEM1870631 
     
 Further company coverage:  IAGP.WA   
    
 
 
 
($1 = 4.1789 zlotys) 
 
 (Gdynia Newsroom) 
 ((Gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))