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BRIEF-Ellen writes down part of loan to Asian subsidiary
March 12, 2015 / 7:57 AM / 3 years ago

BRIEF-Ellen writes down part of loan to Asian subsidiary

March 12 (Reuters) - Ellen AB :

* Writes down part of loan to Asian subsidiary as launch took longer than expected

* Write-down means that result for 2014 will deteriorate, against what was previously announced in year-end report, by 1.3 million Swedish crowns ($151,284)

* Ellen AB’s claim to subsidiary Ellen Asia Ltd., which Ellen AB owns to 70 percent, amounted on Dec. 31, 2014 to 3.8 million crowns Source text for Eikon: Further company coverage: ($1 = 8.5931 Swedish crowns) (Gdynia Newsroom)

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