02.04.2009
Management Board of Stalprofil SA decides on actualising value of inventories for 31.12.2008
Due to significant drop of steel market prices at the end of the 1st quarter of 2009 Management Board of Stalprofil SA decided in 01.04.2009 on actualising value of inventories for 31.12.2008 for amount of 6392000 PLN.
Due to that actualisation net profit of Stalprofil SA for 2008 will be lowered by 5178000 PLN compared to the 4th quarter 2008 report published.
Management Board of Stalprofil SA do not expect any other significant change to net profit published in the 4th quarter 2008 report but its ultimate value will be published by the company in the annual 2008 report after financial statements audit.
In spite of correction of prices on the steel market Management Board of Stalprofil SA expects that the company will achieve net profit in the 1st quarter of 2009.
Due to that actualisation net profit of Stalprofil SA for 2008 will be lowered by 5178000 PLN compared to the 4th quarter 2008 report published.
Management Board of Stalprofil SA do not expect any other significant change to net profit published in the 4th quarter 2008 report but its ultimate value will be published by the company in the annual 2008 report after financial statements audit.
In spite of correction of prices on the steel market Management Board of Stalprofil SA expects that the company will achieve net profit in the 1st quarter of 2009.