Tecnotree settles receivable, cuts debt, sees FY loss

Wednesday 11 January 2017 | 12:22 CET | News
Tecnotree said it has reached a settlement of EUR 6.0 million with a Latin American customer of a long-overdue receivable. Tecnotree will create an impairment charge of approximately EUR 8.3 million for the remaining amount in the fourth quarter and, as a result, the company's operating result in 2016 will be negative.

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Categories: IT
Companies: Tecnotree
Countries: World
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