Brief: Tower Investments Withdraws Net Profit Guidance For 2018

Tower Investments SA

22/11/2018 06:37

Nov 22(Reuters) - Tower Investments SA  TOW.WA :
    * SAID ON WEDNESDAY THAT IT HAS DECIDED TO WITHDRAW ITS NET
PROFIT
GUIDANCE FOR 2018
    * THE DECISION HAS BEEN MADE DUE TO PROLONGED DEADLINE OF
ITS KEY
CUSTOMERS TO ACCEPT LOCATIONS PUT FORWARD BY THE COMPANY
    * RESIGNATION FROM IMPLEMENTING PART OF PROJECTS PLANNED FOR
2018,
DUE TO SIGNIFICANT COST RISE, AMONG OTHERS
    * PROLONGED ADMINISTRATIVE PROCEDURE FOR APPROVAL FOR SOME
OF
INVESTMENTS PLANNED FOR 2018 AND THUS SHIFTING PLANNED
IMPLEMENTATION TO 2019-2020

    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM3MB63xa
    
 Further company coverage:  TOW.WA  
   


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