Profil:
Rafako SARafako engineering creates total of PLN 383.6 mln provisions and write-offs
Listed engineering company Rafako decided to set up provisions related to potential penalties for termination and delays and discontinuation of projects, provisions for employee severance costs and provisions that may result from filing for bankruptcy, as well as asset write-offs totaling PLN 383.6 million (EUR 88.3 mln), the company said in a market filing.
The company stated that the decision is related to the assumption of non-continuation of operations.
The provisions and write-offs made will have a negative impact on the Rafako's financial result in the third quarter of 2024.
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