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BRIEF-One-offs to increase WP Holding's net profit by 8 mln zlotys
March 13, 2017 / 12:28 PM / 9 months ago

BRIEF-One-offs to increase WP Holding's net profit by 8 mln zlotys

March 13 (Reuters) - Wirtualna Polska Holding SA (WP Holding):

* Said on Friday that it resolved to revaluate an option to buy a remaining minority stake in a unit, increasing the valuation of the option by 47.0 million zlotys

* The above will lower the company’s FY 2016 net profit

* The company will also recognise a 55 million zloty ($13.52 million) deffered tax asset in its FY 2016 financial results

* The above is related to the sale of all the company’s shares in WP Shopping Sp. z o.o. in Dec. and incurred tax loss of 378.0 million zlotys on that transaction Source text for Eikon:

Further company coverage: ($1 = 4.0687 zlotys) (Gdynia Newsroom)

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