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come information from the press release Alma Market
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Alma Market has decided to launch a review of strategic options in all areas of activity. The Company takes into account all options, including the search for an industry investor or financial – said Alma Market in the message.
“The Board of Alma Market whereas the further development of the issuer, informed about the decision on the review of the issuer’s strategic options in all areas of business” – is written in the message.
“At this stage of the review of all options will be considered, including the search for the issuer’s industry investor, maintaining the existing ownership structure, as well as the search for a financial investor. Decisions related to the choice of specific options for the management of the issuer were not taken,” – added.
In a separate announcement, Alma has signed two annexes prolonging working capital credit agreement with mBank worth 12 million zł and 7.5 million zł.
The company has addressed it in a statement to the press articles about the problems of stocking stores Alma.
“stocking up shops Alma profitable institutions remains at an appropriate level. According to the announcement and the information that we gave in our reports, institutions that do not generate adequate revenues will be limited surface or closed, so that their range is reduced. At the same time open shops locations with better potential sales. in May this year. launched a store in a new location in Lodz, in July Węgrzce near Krakow “- said Alma Market.
“Company Alma Market wants to ensure that it is constantly working to improve the situation in their stores, which in perspective should bring the expected results,” – added.
The course of the company lost heavily the day after the publication of half-yearly report. On Thursday Alma securities were overvalued by almost 20 percent. On Friday they go down manual by a further 8 percent.
Group had in the first half of the year approx. 719 million zł revenue to 790.1 million zł year earlier, approx. 8 zł million operating loss from continuing operations (compared to 10.6 million zł loss a year earlier) and 12.5 million zł net loss of the parent company (compared to 19.2 million zł loss the year before).
At the individual level Alma Market was in the first half of 438.2 mln zł revenues and nearly 2.5 million zł net profit. The company forecast assumed for the period of 450 million zł sales and 2 million zł net profit.
Group wants to improve operational efficiency. The company said in a semi-annual report, that it will continue to close unprofitable locations or not to renew the leases for stores, which carried profitability is too low. It does not preclude the reduction of the surface of several commercial buildings. Moreover, it will run the process of selling the real estate company and the group, which is improve results and liquidity.
Alma said in a report that there is now an increased risk associated with conducting business due to the retail sales tax, restricted access to loan financing rotating, changes in the distribution market. She added that at the end of the first half of 2016 years recorded a noticeable policy of shortening the time limits granted to date trade credit. (PAP)
pel / GSU / ana / ace /
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