Brief: Taaleri Sees 2018 Operating Profit Percentage To Remain At Same Level As In 2017

Taaleri Oyj

19/12/2018 11:08

Dec 19 (Reuters) - Taaleri Oyj  TAALA.HE :
    * REG-TAALERI ESTIMATES THAT THE OPERATING PROFIT PERCENTAGE
FOR
2018 WILL REMAIN AT THE SAME LEVEL AS IN 2017
    * TAALERI'S LONG-TERM FINANCIAL TARGETS REMAIN UNCHANGED.
    * HOLDING, 25.95%, IN ASSOCIATED COMPANY FELLOW FINANCE
CORPORATION IS FOR SALE.
    * OWNERSHIP WILL BE RECORDED IN TAALERI'S BALANCE SHEET AT
FAIR
VALUE OF FELLOW FUND'S SHARE.
    * WILL BOOK APPROXIMATELY EUR 10 MILLION PROFIT IN SECOND
HALF OF
2018.
    * RECORD A LOSS OF APPROXIMATELY EUR 3 MILLION, , AS
GEOTHERMAL
ELECTRICITY PRODUCTION PROJECT FAILED
    * TESTS HAVE PROVEN THAT PROJECT IS NOT COMMERCIALLY VIABLE
AND
TAALERI HAS HENCE DECIDED TO DISCONTINUE PROJECT.
    * ESTIMATES THAT OPERATING PROFIT PERCENTAGE FOR 2018 WILL
REMAIN
AT SAME LEVEL AS IN 2017.

Source text for Eikon:  ID:nGNE9gYJLC 
Further company coverage:  TAALA.HE 

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