Credit Loss Provisions Impact Condo’s Q3 Results
Condo Nordic Holding AB announces that its third-quarter financial results will be impacted bya credit loss provision related to the bankruptcy of one of its minor shareholders, Opema Oy.Condo Nordic Holding AB announces that its third-quarter financial results will be impacted bya credit loss provision related to the bankruptcy of one of its minor shareholders, Opema Oy. Although Opema Oy has appealed the bankruptcy ruling to the Supreme Court of Finland,Condo has decided to prudently provision for the full potential credit exposure, totalling EUR 422,000. This proactive measure