April 17, 2018 / 8:35 AM / 3 months ago

BRIEF-Global Cosmed FY Net Loss Widens To 78.2 Mln Zlotys

April 17 (Reuters) - GLOBAL COSMED SA:

* REPORTS FY 2017 NET LOSS OF 78.2 MILLION ZLOTYS VERSUS LOSS OF 5.6 MILLION ZLOTYS YEAR AGO

* FY REVENUE 305.5 MILLION ZLOTYS VERSUS 313.0 MILLION ZLOTYS YEAR AGO

* FY NEGATIVE EBITDA OF 10.6 MILLION ZLOTYS VERSUS POSITIVE EBITDA OF 5.8 MILLION ZLOTYS YEAR AGO

* 2017 NET LOSS WAS NEGATIVELY AFFECTED BY WRITE-DOWNS, ONE-OFF COSTS AND INCREASE IN PRICES OF RAW MATERIALS

* CO HAS BOOKED AN IMPAIRMENT ON THE COMPANY’S VALUE IN THE AMOUNT OF 57.2 MILLION ZLOTYS AND WRITTEN DOWN THE VALUE OF SOFIN TRADEMARK IN THE AMOUNT OF 1.9 MILLION ZLOTYS

* SEES ITS CURRENT FINANCIAL SITUATION AS STABLE AND EXPECTS 5 PERCENT SALES GROWTH IN 2018

Source text for Eikon:

Further company coverage: (Gdynia Newsroom)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below