WARSAW, Oct 12 (Reuters) - Asseco Poland SA, Poland’s largest IT company, said the sale of a stake in Israel’s Formula Systems would have a positive impact on its January-September results.
Asseco sold a 20 percent stake in Formula for 365.6 million shekels ($105.04 million) in August.
“The estimated effect of the transaction ...on the consolidated net profit will probably amount to 330-360 million zlotys ($92-100 million),” Asseco said in a statement.
Asseco said it would write down some 106 million zlotys related to its units in Russia, Lithuania, Kazakhstan, Georgia, and Nigeria, but still expected its January-September results to be better than the average from previous years.
($1 = 3.4806 shekels)
$1 = 3.6027 zlotys Reporting by Marcin Goclowski; editing by Agnieszka Barteczko and Jason Neely