Brief: Seri Industrial FY Net Profit At EUR 5.4 Mln After Board Re-Examines 2018 Financial Report

Seri Industrial SpA

31/05/2019 11:04

May 31 (Reuters) - Seri Industrial SpA  SERK.MI :
    * SAID ON THURSDAY ITS BOARD RE-EXAMINED AND APPROVED CO'S
2018
FINANCIAL REPORT
    * AFTER THE REVIEW, FY NET PROFIT WAS EUR 5.4 MLN COMPARED
TO THE
PREVIOUS ONE, APPROVED ON APRIL 10, OF EUR 7.0 MLN 
    * FY PRODUCTION VALUE WAS EUR 131.6 MLN VS EUR 132.6 MLN
APPROVED
ON APRIL 10
    * DIFFERENCE IN RESULTS IS DUE TO, AMONG OTHERS, ADJUSTMENTS
PROPOSED BY AUDITING COMPANY FOR EUR 548,000, ADJUSTMENT OF THE
TAX CREDIT FOR UNITS, PROVISIONS FOR RISKS AND BAD DEBTS AS WELL
AS INVENTORY ADJUSTMENTS 

    
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