Brief: Forever Enterntainment Q3 Net Profit To Be Lower By About 1.2 Mln Zlotys Due To Write-Down

SQUARE ENIX HOLDINGS

11/09/2023 07:15

Sept 11 (Reuters) - Forever Entertaintment SA  FOR.WA :
    * INFORMED ON FRIDAY ON TERMINATION OF AGREEMENT ON
DEVELOPMENT
AND LAUNCH OF GAME "FEAR EFFECT REINVENTED" WITH SQUARE ENIX
LIMITED
    * CONSEQUENTLY, COMPANY'S WILL BOOK A WRITE-DOWN FOR
INTANGIBLE
ASSET THAT WILL LOWER GROUP'S Q3 NET PROFIT BY AN APPROXIMATE
AMOUNT OF 1.2 MLN ZLOTYS
    * AS OF JUNE 30, THE VALUE OF CAPITALIZED COSTS RELATED TO
THE
PRODUCTION OF "FEAR EFFECT REINVENTED" AMOUNTED TO 1.5 MLN
ZLOTYS
    * COMPANY NOW TO FOCUS ON RELEASE AND PRODUCTION OF ITS MAIN
UPCOMING TITLES
    * SAID TITLES ARE "FRONT MISSION 2: REMAKE", "THE HOUSE OF
THE
DEAD 2: REMAKE", "FRONT MISSION 3: REMAKE", "PANZER DRAGOON II
ZWEI: REMAKE"

        
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM6MSJSWa
 Further company coverage:  FOR.WA  9684.T 

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