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Deutsche Rohstoff AG
Legal Proceedings Report • Apr 16, 2020
4514_rns_2020-04-16_ea93ac45-97d1-43e9-9891-ca58cf934938.html
Legal Proceedings Report
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Corporate | 16 April 2020 10:42
Deutsche Rohstoff AG: USD 7.5 million tax refund in the USA
DGAP-News: Deutsche Rohstoff AG / Key word(s): Miscellaneous
16.04.2020 / 10:42
The issuer is solely responsible for the content of this announcement.
Deutsche Rohstoff AG: USD 7.5 million tax refund in the USA
Mannheim. Due to a new tax legislation of the US government in connection with the corona pandemic, Deutsche Rohstoff USA expects a tax refund in the amount of approximately USD 7.5 million in the coming months. This results from a newly created possibility to carry back operating losses to 2014. In 2014, the subsidiary Tekton Energy sold its assets at a high profit and made a tax payment of around USD 35 million. The tax change will contribute to an income at the level of Deutsche Rohstoff USA of USD 3 million in the current year and increase the deferred tax liabilities by around USD 4.5 million.
Mannheim, 16 April 2020
Deutsche Rohstoff identifies, develops and sells attractive raw material deposits in North America, Australia and Europe. The focus is on the development of oil and gas deposits in the USA. Metals such as gold, copper, rare earths, tungsten and tin complete the portfolio. Further information can be found at www.rohstoff.de
Contact
Deutsche Rohstoff AG
Dr. Thomas Gutschlag, CEO
Phone +49 621 490 817 0
16.04.2020 Dissemination of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases.
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| Language: | English |
| Company: | Deutsche Rohstoff AG |
| Q7, 24 | |
| 68161 Mannheim | |
| Germany | |
| Phone: | 0621 490 817 0 |
| Fax: | 0621 490 817 22 |
| E-mail: | [email protected] |
| Internet: | www.rohstoff.de |
| ISIN: | DE000A0XYG76, DE000A1R07G4, |
| WKN: | A0XYG7, A1R07G |
| Indices: | Scale 30 |
| Listed: | Regulated Unofficial Market in Berlin, Dusseldorf, Frankfurt (Scale), Hamburg, Hanover, Munich, Stuttgart, Tradegate Exchange |
| EQS News ID: | 1022831 |
| End of News | DGAP News Service |