June 22, 2017 / 11:12 AM / 6 months ago

BRIEF-Sygnity revaluates its projects

June 22 (Reuters) - SYGNITY SA:

* SAID ON WEDNESDAY THAT IT MADE REVALUATION OF ITS PROJECTS AND IDENTIFIED SIGNIFICANT RISK OF ITS NEGATIVE IMPACT ON FINANCIAL RESULT AND PROFITABILITY

* FORESEES THE NEED TO MAKE ACCOUNTING OPERATIONS OF AROUND 70 MILLION ZLOTYS, WHICH WILL CONTRAVENE ITS OBLIGATIONS RESULTING FROM LOAN AGREEMENTS AND BOND ISSUE AGREEMENTS

* SUBSEQUENTLY FINANCING COSTS OF THE COMPANY MAY RISE

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

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