Agora faces up to PLN 95 mln hit on Q4 results from impairments

WSE-listed media group Agora will reevaluate some of its assets in the printing segment as well as Cztery Kąty monthly and the classified ads website group Trader.com, the company said in a market filing In total, write-offs may reduce the group's operating result for Q4 by PLN 70-95 million. The statement indicates that Agora is in the process of testing impairment of assets based on, inter alia, long-term financial forecasts of individual segments of the group. “In addition, the company reviewed the useful lives of selected fixed assets, which will result in higher depreciation charges that will reduce the group's operating Q4 result by approximately PLN 5 million,” Agora added.