PBG

PLPBG0000029

Construction & Engineering

Market Closed - Warsaw S.E. Other stock markets 11:55:56 2024-04-24 am EDT			5-day change	1st Jan Change
0.0195 ^PLN	-2.50%		0.00%	+21.88%

2023	PBG S.A. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023	CI
2023	PBG S.A. Reports Earnings Results for the Half Year Ended June 30, 2023	CI

23/2016: Impairment loss on the investment in RAFAKO shares.

August 22, 2016 at 05:19 am EDT

2016-08-19

The Management Board of PBG S.A. w upadłości układowej (in company voluntary arrangement) announces that a test for impairment of the investment in RAFAKO shares, performed in connection with the financial statements for H1 2016, showed that as at June 30th 2016 the value of the investment in 50% + 1 share in RAFAKO was PLN 315,079 thousand, and thus an indication of impairment was found. Accordingly, an impairment loss of PLN 98,965 thousand will be recognised as at June 30th 2016.

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PBG SA published this content on 19 August 2016 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 22 August 2016 09:19:03 UTC.

Original documenthttp://www.pbg-sa.pl/en/investor-relations/current-reports/23-2016-impairment-loss-on-the-investment-in-rafako-shares.html

Public permalinkhttp://www.publicnow.com/view/4CA9F90637F19A6A047659350B06676F8AE7077B

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Company Profile

PBG SA w restrukturyzacji, formerly known as PBG SA is Poland-based company engaged in the construction and engineering industry. The Company provides contracting services for natural gas, crude oil, and fuel facilities. It acts as a general contractor, consortium member, or sub-contractor with respect to engineering design work, construction, repairs, operation, and maintenance in the field of production of natural gas and crude oil, transmission of natural gas and crude oil, storage of natural gas and fuels. Through RAFAKO, the Company produces boilers and environmental protection equipment for the power sector in Europe. In addition, through PBG Erigo, PBG Dom and PBG ERIGO, the Company serves as a land bank and real estate operator, as well as provides a complete range of services for commercial and residential projects.

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Construction & Engineering

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