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BRIEF-Pittards says ‍devaluation in currency will have no adverse effects on trading performance​
October 13, 2017 / 6:13 AM / 6 days ago

BRIEF-Pittards says ‍devaluation in currency will have no adverse effects on trading performance​

Oct 13 (Reuters) - PITTARDS PLC:

* ‍NOTES THAT WITH EFFECT 11 OCTOBER 2017 ETHIOPIAN GOVERNMENT HAS DEVALUED ITS CURRENCY BY 15%​

* ‍DEVALUATION IN CURRENCY WILL HAVE NO ADVERSE EFFECTS ON COMPANY‘S TRADING PERFORMANCE​

* ‍THERE WILL BE SOME ADVERSE BALANCE SHEET ADJUSTMENTS ARISING ON CONSOLIDATION OF ETHIOPIAN ASSETS AT YEAR END​

* ‍CURRENTLY ESTIMATED THAT THESE ADJUSTMENTS WILL AMOUNT TO APPROXIMATELY £1 MILLION​ Source text for Eikon: Further company coverage: (Bangalore.newsroom@thomsonreuters.com)

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