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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
Brown (n) Group Plc | LSE:BWNG | London | Ordinary Share | GB00B1P6ZR11 | ORD 11 1/19P |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.05 | 0.34% | 14.65 | 14.30 | 15.00 | 196,805 | 16:35:24 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Catalog, Mail-order Houses | 677.5M | -51.4M | -0.1116 | -1.31 | 67.23M |
TIDMBWNG
RNS Number : 3763N
Brown (N.) Group PLC
08 May 2018
8(th) May 2018
UPDATE ON IFRS9
In our recent full year results announcement on 26(th) April, as part of our disclosures on the expected impact of the introduction of IFRS9, we stated that one of the final aspects of the modelling and analysis still underway related to whether or not undrawn credit balances should be included or excluded from the calculation of the provision.
We have now agreed with our auditors that these balances should be excluded from the provision. As previously indicated, the exclusion of undrawn credit balances will materially reduce the IFRS9 provision, by approximately half the previously announced potential increase of GBP120m. The exact quantification of the IFRS9 provision is still being finalised with our auditors. We will provide a further update as part of our Q1 trading statement on the 14(th) June.
For further information:
N Brown Group Bethany Barnes (née On the day: 07887 Hocking), Director of Investor 536153 Relations and Corporate Communications Website: www.nbrown.co.uk Thereafter: 0161 238 1845 MHP Communications Andrew Jaques / Simon Hockridge / Nessyah Hart 0203 128 8789 NBrown@mhpc.com
This information is provided by RNS
The company news service from the London Stock Exchange
END
MSCFVLFBVEFFBBQ
(END) Dow Jones Newswires
May 08, 2018 07:18 ET (11:18 GMT)
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