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BRIEF-Deutsche Balaton: pre-tax profit of c. EUR 9 mln from sale of associated company
October 4, 2017 / 1:05 PM / in 13 days

BRIEF-Deutsche Balaton: pre-tax profit of c. EUR 9 mln from sale of associated company

Oct 4 (Reuters) - DEUTSCHE BALATON AG:

* EXPECTS THE SALE OF ASSOCIATED COMPANY IN CORNERSTONECAPITAL SEGMENT TO GENERATE A PRE-TAX PROFIT OF APPROX EUR 9 MILLION

* THE SALE ALSO HAS AN IMPACT ON FY RESULT IN THE AMOUNT OF APPROXIMATELY EUR 10 MILLION

* PROFIT TO BE REALIZED IN THE SECOND HALF OF 2017

* MANAGEMENT BOARD NOW EXPECTS FY 2017 CHANGE IN IFRS EQUITY FROM 20% TO 25% Source text for Eikon: Further company coverage: (Gdynia Newsroom)

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