J.W. Construction will make write-downs for a total of PLN 12.7 million
14:50
The Management Board of J.W. Construction has decided to make revaluation write-downs for a total of ca. PLN 12.7 mln, which will reduce the separate net result by ca. PLN 10.3 mln and the consolidated result by ca. PLN 2.3 mln, the company announced.
J.W. Construction said that it decided to create impairment charges on subsidiaries in the amount of ca. PLN 0.3 mln and on loans granted and bills of exchange purchased for a total of PLN 12.4 mln.
It added that the events are of non-cash nature and do not affect the liquidity situation of the company and its capital group.
