Remedy Entertainment Plc: Inside Information, profit warning and preliminary results 2023: Remedy makes 7.2 million write-off based on contract amendment and reschedules publication of 2023 financials
Remedy Entertainment Plc Inside Information February 6, 2024 at 2:00 p.m. EET Inside Information, profit warning and preliminary results 2023: Remedy makes 7.2 million write-off based on contract amendment and reschedules publication of 2023 financials Remedy has signed a contract amendment with Tencent for codename Kestrel, resulting in the Kestrel project starting fresh. Remedy recognizes an impairment charge of EUR 7.2 million for Q4 and fiscal year 2023 results, comprising the total capitalized development costs for codename Vanguard. This does not impact Remedy’s cash