Dr. Scheller Cosmetics AG
Dr. Scheller Cosmetics AG: valuation allowance in the Polish subsidiary
Ad hoc announcement transmitted by DGAP – a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.
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Due to the negative sales development of the Polish subsidiary in June
2006, the Board of Management of DR. SCHELLER COSMETICS AG decided on and
carried out a special audit at the premises. In addition to the loss of
sales, it was found that a valuation allowance had to be recorded for the
warehouse. Valuation allowances were also recorded for receivables to
smaller customers that had been incorrectly posted. Together with the
accumulated loss incurred on account of the low sales figure, a total of
around EUR 260 k must be included as a loss in the consolidated balance
sheet of DR. SCHELLER COSMETICS AG. As a result, the consolidated result of
DR. SCHELLER COSMETICS AG will amount to somewhere in the region of EUR
-150 k as of June 30, 2006.
(c)DGAP 10.08.2006
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Language: English
Issuer: Dr. Scheller Cosmetics AG
Schillerstraße 21-27
73054 Eislingen/Fils Deutschland
Phone: +49 (0)7161 803-0
Fax: +49 (0)7161 803-3 00
E-mail: aktie@dr-scheller-cosmetics.com
WWW: www.dr-scheller-cosmetics.com
ISIN: DE0007201303
WKN: 720130
Indices:
Listed: Amtlicher Markt in Frankfurt (Prime Standard), Stuttgart;
Freiverkehr in Berlin-Bremen, Düsseldorf, München
End of News DGAP News-Service
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