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Provider: Wright Reports
Provider: Reuters Investment Profile

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High Co SA Issues FY 2013 PBIT Guidance; Acquires Promoland; High Co SA's POS Media Sets Up Russian Subsidiary

Monday, 26 Aug 2013 12:35pm EDT 

High Co SA announced that it does not expect that the decline in fiscal year 2013 PBIT will be as sharp as in the first half of fiscal year 2013. The Company also announced that it acquired Promoland, a discount coupon smartphone application. Financial terms were not disclosed. In addition, the Company announced the creation of a company in Russia that is 80% owned by its subsidiary POS Media and 20% by the local management, which signed an exclusivity agreement to sell in-store media for Russian retailer Magnit. 

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-0.29 -5.80%
3:54am EST