Brief: tmc Content Group Says FY Loss At Around CHF 2 Mln

VIDINEXT AG

31/03/2022 14:40

March 31 (Reuters) - TMC CONTENT GROUP AG  EROG.DE :
    * HAS DETERMINED THAT IT WILL INCUR A LOSS FOR THE FINANCIAL
YEAR
ENDING 31 DECEMBER 2021
    * LOSS WILL AMOUNT TO CIRCA CHF 2 MILLION
    * TWO REASONS FOR THIS: FIRST, AN INCREASED NEGATIVE IMPACT
OF THE
EXCHANGE RATE BETWEEN EUR AND CHF
    * SECONDLY, EXTRAORDINARY DEPRECIATION OF THE FILM RIGHTS
FROM THE
FILM LIBRARY OF THE COMPANY FOR LICENCES OLDER THAN FIVE YEARS

Source text for Eikon:  ID:nEQ4b6H7na 
Further company coverage:  EROG.DE 

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