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11-20-2020, 09:56 AM   #31
Mistral75's Avatar

Join Date: Feb 2009
Location: Paris, France
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QuoteOriginally posted by hoodlum Quote
These losses are not operating losses but rather one time write downs of inventory and fixed assets along with severance pay in preparation for the transfer to JIP. Olympus is also providing working capital for the new company. That was to be expected.

Even though the bulk of the Q2 loss comes from write-downs and other one-offs, the outcome is still an operating loss, i.e. a negative operating income.


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