Brief: Quickbit eu Enters Into Agreement On New Terms With Its Partner

Valuno publ AB

17/02/2020 07:05

Feb 17 (Reuters) - Quickbit eu AB (publ)  QBIT.NGM :
    * ENTERS INTO AGREEMENT ON NEW TERMS WITH ITS PARTNER
    * NEW TERMS WILL TAKE EFFECT RETROACTIVELY FROM 1 JANUARY
2020 AND
WILL RESULT IN POSITIVE FINANCIAL EFFECTS FOR QUICKBIT
    * EXPECTS INCREASED GROSS PROFIT AND INCREASED CASH FLOW IN
COMING
PERIODS
    * POSITIVE FINANCIAL EFFECTS TO BECOME FULLY VISIBLE IN
THIRD
QUARTER OF CURRENT FISCAL YEAR

Source text for Eikon:  ID:nWkr3NcdcH 
Further company coverage:  QBIT.NGM 

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