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Integralis expecting high non-recurring expense in the third quarter
Furthermore, the management board of Integralis had decided to discontinue the company's activities in China, which will most likely result in an additional loss of ca. € 2.2 million. In July 2008, the company has started to build a bridgehead into China in conjunction with China Managed Services (CMS) and to finance CMS's Chinese subsidiary until it reached the break-even threshold. The plan had been for the CMS Chinese business to be taken over under the terms of an asset deal in 2009 subject to the achievement of revenue and profit targets. As the agreed goals have not been achieved, the management board took the decision, to terminate the existing contractual relationship and to call the loans granted.
The full interim report on the first nine months of 2009 will be published on 10 November 2009 as planned.
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