Eurocash with PLN 62.9 mln net loss, due to reserve on potential VAT liability

WSE-listed retailer Eurocash had a PLN 62.9 million net loss in Q2, compared to a PLN 52.48 million profit the year earlier. According to the company’s management, Eurocash results was affected by external parties which used the company in VAT fraud mechanism, for that reason, Eurocash set aside PLN 121.5 million in a reserve to…

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