Monday, December 5, 2016

BRIEF-Oracle Financial Services Software estimates charge of 600 mln rupees this qtr on Egypt receivables

* Says estimating a charge of 600 million rupees on its

receivables from its customers in Egypt during current quarter

Source text [Oracle Financial Services Software Ltd has informed

BSE that due to significant devaluation of Egyptian Pound post

the recent liberalization of the exchange rates by the Egypt

Government, the Company is estimating a charge of INR 60 crores

on its receivables from customers in Egypt during the current

quarter.]

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