January 3, 2018 / 5:55 AM / 8 months ago

BRIEF-Deutsche Rohstoff: Group Benefits From US Tax Reform

Jan 3 (Reuters) - DEUTSCHE ROHSTOFF AG:

* SAID ON TUESDAY US CORPORATE TAX REFORM WILL HAVE A POSITIVE IMPACT ON DEUTSCHE ROHSTOFF AND ITS SUBSIDIARIES IN THE US

* REDUCTION OF TAX RATE FROM 35% TO 21% WILL RESULT IN ADDITIONAL EARNINGS RELATED TO REDUCTION OF DEFERRED TAX LIABILITIES IN CONSOLIDATED FINANCIAL STATEMENT FOR 2017

* THIS IS EXPECTED TO RESULT IN ADDITIONAL GROUP NET INCOME OF AROUND EUR 3.3 MILLION

* FOR COMING YEARS, DEUTSCHE ROHSTOFF GROUP AND THE US SUBSIDIARIES WILL ALSO BENEFIT FROM THE TAX REFORM

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Further company coverage: (Gdynia Newsroom)

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