GetBack will verify restructuring plan within 2-3 months
15:37
GetBack, which released unaudited results for 2017, estimates that it will review the restructuring plan presented earlier in 2-3 months' time. The company is working towards reducing costs. In the first quarter it will continue cleaning its balance sheet, GetBack representatives said on Wednesday.
The restructuring plan is "realistic," said Magdalena Nawłoka, a board member. "We have to prove that the company is able to conduct debt collection, the priority is to restore operational efficiency. We want to have a full picture," she added.
The company postponed publication of Q1 report to June 29 from May 30. Preliminary consolidated report shows 2017 net loss amounted to about PLN 1.33 billion. The value of the company's working assets is reported to be at PLN 1.75 billion.
