August 24, 2017 / 5:59 AM / 4 months ago

BRIEF-Pegas Q2 profit falls 89 pct; company confirms 2017 EBITDA guidance

Aug 24 (Reuters) - Pegas Nonwovens Sa

* says second-quarter net profit fell 89 percent year-on-year to 0.8 million euros due to significant rise in polymer prices

* says second-quarter earnings before interests, taxes, depreciation and amortisation (EBITDA) dropped by 16 percent year-on-year to 9.5 million euros

* says confirms guidance for 2017, expecting EBITDA at 43-50 million euros

* analysts in a Reuters poll expected Pegas to report 2.15 million euros of net profit and 10.23 million euros EBITDA for the second quarter Further company coverage: (Prague Newsroom)

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