Drydocks World Dubai, part of DP World, has begun work converting an Aframax tanker capable of carrying 700,000 barrels of oil to a Floating Storage and Offloading Unit (FSO). The extensive modification and life extension work will include the provision of a new hull coating, designed to make the FS ..
DGAP-Ad-hoc: Tuff Group AG / Key word(s): Miscellaneous
Tuff Group AG: Tuff Group AG intends unscheduled depreciation on fixed assets
30-Dec-2020 / 19:29 CET/CEST
Disclosure of an inside information acc. to Article 17 MAR of the Regulation (EU) No 596/2014, transmitted by DGAP - a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
Tuff Group AG intends unscheduled depreciation on fixed assets
Frankfurt am Main, 30 December 2020: In the course of preparing its financial statements for the financial year ended 31 December 2019, Tuff Group AG will recognise an impairment loss of EUR 33,215,000.00 on the balance sheet value of the shares in its sole subsidiary, Tuff Offshore Pte. Ltd, which operates as a plant engineering company in the oil and gas sector.