January 10, 2017 / 4:55 PM / 7 months ago

BRIEF-Tecnotree agrees on settlement, says 2016 operating result negative

Jan 10 (Reuters) - Tecnotree Oyj

* Tecnotree Agrees On 6.0 Meur Settlement; Creates Impairment Charge Of Approx. 8.3 Meur; 2016 Operating Result Negative

* Says reaches a settlement of 6.0 million euros with a Latin American customer on a long-standing overdue receivable

* Tecnotree will create an impairment charge of approximately 8.3 million euros for the remaining amount and, as a result, the company's operating result in 2016 will be negative

* Plans to publish its full year 2016 financial results on February 3 Source text for Eikon: Further company coverage: (Reporting by Stockholm Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below