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BRIEF-Monnari Trade updates on revaluation of real estate asset value
December 9, 2016 / 7:28 AM / in 8 months

BRIEF-Monnari Trade updates on revaluation of real estate asset value

Dec 9 (Reuters) - Monnari Trade SA :

* Said on Thursday its management board decided to conduct a revaluation of the real estate located in Lodz, Poland, to the amount of 28.3 million zlotys from 12.9 million zlotys as at Sept. 30

* The company has a 70 pct interest in the property, which was acquired in 2015

* Estimates that due to the update of the property value, the value of its assets and financial results will be impacted with value increase of about 12 million zlotys ($2.87 million)

Source text for Eikon:

Further company coverage:

$1 = 4.1813 zlotys Gdynia Newsroom

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