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BRIEF-Cyfrowy Polsat flags 59 mln zloty one-off charge in Q1 profit
April 12, 2017 / 4:00 PM / 7 months ago

BRIEF-Cyfrowy Polsat flags 59 mln zloty one-off charge in Q1 profit

April 12 (Reuters) - Polish media group Cyfrowy Polsat SA said:

* Cyfrowy’s unit Litenite will redeem on April 26 bonds that were originally due in 2022

* Early redemption worth 886.704 million zlotys ($222 million)plus premium for early redemption at 58.658 million zlotys

* Cyfrowy says redemption to have “one-off, negative impact on consolidated net profit of Cyfrowy Polsat Group to the amount of around 59 million zlotys” Source text for Eikon: Further company coverage: ($1 = 4.0001 zlotys) (Reporting by Marcin Goettig; Editing by Susan Fenton)

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