Arricano Real Estate PLC Auditor Raises 'Going Concern' Doubt

Arricano Real Estate PLC is a commercial real estate company, which operates a network of shopping and entertainment centers. The Company is engaged in the real estate development and construction, and the holding of investment properties. The Company is the owner of the entities owning and operating around five trade centers with total gross leasable area (GLA) of approximately 144,050 square meters. The Company's trade centers are located in Kyiv, Simferopol, Zaporizhzhya and Krivyj Rig. The Company also owns title rights for approximately 14 hectares of development land. The Company's investment properties are located in Ukraine and the Republic of Crimea. Its properties include South Gallery shopping center with a total GLA of approximately 19,648 square meters located in Simferopol, and Prospect shopping center with GLA of approximately 30,448 square meters located in Kyiv.