June 4, 2020 / 2:05 PM / a month ago

BRIEF-DLF Recognizes Impairment Loss Of 1.51 Bln Rupees In Qtr

June 4 (Reuters) - DLF Ltd:

* IN QUARTER, RECOGNIZED IMPAIRMENT LOSS OF 1.51 BILLION RUPEES ON REASSESSMENT OF RECOVERABILITY OF CERTAIN ASSETS RELATED TO CLUBS, HOTELS, OTHERS

* IN QUARTER, PROVIDED FOR 1.57 BILLION RUPEES AS NET REALIZEABLE LOSS ON INVESTMENTS OR DOUBTFUL ADVANCES

* IN QUARTER, PROVIDED FOR CERTAIN CLAIMS OF 224.3 MILLION RUPEES FOR DELAY IN EXECUTION OF AGREEMENTS DUE TO COVID-19 RESTRICTIONS Source text: (bit.ly/3dzZoM5) Further company coverage:

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