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Article: Polish blue-chip Cersanit to post PLN 11.7 mln losses from futures in 2008.(Financial report)
- Article from:
- Poland Business News
- Article date:
- January 28, 2009
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Polish blue-chip Cersanit to post PLN 11.7 mln losses from futures in 2008
WARSAW. JANUARY 28. INTERFAX CENTRAL EUROPE - Polish blue-chip construction materials company Cersanit, controlled by private entrepreneur Michal Solowow, booked PLN 11.7 mln of losses from futures in 2008, the company said in a statement.
As of the end of 2008, the total valuation of the company's futures was negative at PLN 52.9 mln.
"The contracts were signed to secure the expected net cash flow in 2009 and will be booked in 2009 based on current exchange rates on the ...