Brief: Zamet Industry Q3 net result swings to loss of 16.1 mln zlotys YOY

Zamet SA

15/11/2016 06:49

Nov 15 (Reuters) - Zamet Industry SA  ZMT.WA : 
    * Reported on Monday Q3 revenue of 57.8 million zlotys 
($14.06 million) versus 47.6 million zlotys a year ago 
    * Q3 operating loss 20.4 million zlotys versus profit of 4.4 
million zlotys a year ago 
    * Q3 net loss 16.1 million zlotys versus profit of 3.6 
million zlotys a year ago 
    * Said 9-month negative result is due to the loss incurred 
in Q3 by its unit Zamet Budowa Maszyn SA as well as costs of 
restructuring and other one-off events 
    * Loss in Zamet Budowa Maszyn SA was caused by negative 
margin achieved on contract for construction of block J910 at 
Power Plant Jaworzno III, creation of write-downs of 3.3 million 
zlotys and reserve of 1.5 million zlotys in connection with 
launched procedure of redundancies at Zamet Budowa Maszyn  
 
     
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM1469651 
     
 Further company coverage:  ZMT.WA   
    
 
 
 
($1 = 4.1114 zlotys) 
 
 (Gdynia Newsroom) 
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