February 7, 2018 / 9:19 AM / 6 months ago

BRIEF-Setanta Makes 3.9 Mln Zloty Write-Down On Its Financial Assets

Feb 7(Reuters) - SETANTA ALTERNATYWNA SPOLKA INWESTYCYJNA :

* SAID ON TUESDAY IT DECIDED TO MAKE A 3.9 MLN ZLOTY WRITE-DOWN DUE TO DECREASE IN VALUE OF ITS FINANCIAL ASSETS

* WRITE-DOWN REFLECTS LOSS OF VALUE OF 80% STAKE THAT COMPANY HOLDS IN KANTORINO SP. Z O.O.

* WRITE-DOWN WILL IMPACT COMPANY’S 2017 NET FINANCIAL RESULT BY 3.9 MLN ZLOTYS BUT WILL NOT INFLUENCE ITS LIQUIDITY

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Further company coverage: (Gdynia Newsroom)

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