Brief: WPTG Withdraws Offer To Buy Ayima Assets, Releases 2024 Forecast

White Pearl Technology AB

31/07/2024 10:28

July 31 (Reuters) - White Pearl Technology Group AB
 WPTGb.ST :
    * WITHDRAWS OFFER TO ACQUIRE AYIMA ASSETS AND RELEASES
FORECAST
FOR 2024
    * FORECAST FOR 2024 SHOWS A CONTINUED TREND OF ROBUST GROWTH
ACROSS GROUP
    * EXPECTED TO PRODUCE REVENUES OF AROUND SEK 300M IN 2024
WITH
PROFITS IN ORDER OF SEK 35M
    * THIS REPRESENTS GROWTH OF OVER 35% FROM 2023
    * WITH TERMINATION OF INVESTMENT IN AYIMA A NON-CASH CHARGE
OF
18MSEK WILL BE EFFECTED TO PROFIT OF WPTG FOR FY2024
    * AYIMA WRITE DOWN WHILST SUBSTANTIAL WILL STILL RESULT IN
PROFITS
OF OVER 15MSEK FOR FULL YEAR 2024
    * BANKRUPTCY OF AYIMA DOES NOT AFFECT WPTG'S CASH FLOW OR
ITS
CURRENT ONGOING OPERATIONS

Source text for Eikon:  ID:nWkr1Pnhp3 
Further company coverage:  WPTGb.ST 

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