Profil:
Grupa Azoty SAAzoty chemicals recognises write-down of shares in 2 companies of approx. PLN 89.1 million
Listed chemicals group Azoty created a write-down of shares in companies: Grupa Azoty Kopalnie i Zaklady Chemiczne Siarki in the amount of PLN 36.8 million (EUR 8.6 million) , Grupa Azoty Polyolefins in the amount of PLN 52.3 million (EUR 12.2 million) and o reversed a write-down created in previous periods of the value of shares and interests in Grupa Azoty Zakłady Chemiczne ‘Police’ in the amount of PLN 178.6 million (EUR 41.6 million)," the company stated in a market filing.
The combined estimated impact of the above-described events on Grupa Azoty's stand-alone results for 2024 will result in an increase in net income of PLN 89.5 million (EUR 20.9 million).
The creation and release of impairment charges will have no impact on EBITDA in the company's and its Group's standalone results for 2024.
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