August 10, 2017 / 5:13 AM / 12 days ago

BRIEF-T-Bull withdraws financial forecasts

Aug 10 (Reuters) - T-BULL SA:

* SAID ON WEDNESDAY THAT IT WITHDRAWS FINANCIAL FORECASTS ANNOUNCED IN OCT. 2016 DUE TO FAILURE OF ASSUMPTIONS REGARDING THE NUMBER OF NEW GAMES DEBUTS AND LOWER SALES FROM A SINGLE TITLE

* WITHDRAWAL OF FORECAST ALSO DUE TO DECISION TO REFORMAT THE COMPANY TOWARDS ISSUANCE OF TITLES OF MUCH GREATER VALUE IN SINGLE SALE

* REFORMAT TO TRANSLATE INTO A SHORT-TERM REDUCTION IN THE NUMBER OF TITLES DEBUTING ON THE MARKET, IN RETURN FOR THE EARLY APPEARANCE OF LARGER TITLES IN 2018 AND HIGHER REVENUE IN THE NEXT YEARS

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Further company coverage: (Gdynia Newsroom)

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