Brief: Astron Paper & Board Mill Expect H1 FY2020-21 To Bear Full Brunt Of Covid-19

Astron Paper & Board Mill

28/05/2020 15:34

May 28 (Reuters) - Astron Paper & Board Mill Ltd  ASTO.NS :
    * EXPECT H1FY2020-21 TO BEAR FULL BRUNT OF COVID-19,
IMPACTING
BOTH REVENUES AND PROFITABILITY
    * COSTS HAVE GONE UP, BOTH OPERATIONAL EXPENSES AND
RAW-MATERIAL
COST
    * HIGHER COSTS HAVE NOT BEEN PASSED ON ENTIRELY AS OF NOW TO
OUR
CUSTOMERS
    * SAYS OUR MAIN RAW-MATERIAL FACING ADDITIONAL COSTS WITH
PORTS
AND CFS NOT FOLLOWING GOVERNMENT ORDERS TO WAIVE GROUND RENTS
    * SAYS AVAILING ADDITIONAL CREDIT FACILITY OF 31 MILLION
RUPEES
UNDER COVID CREDIT LINE

Source text for Eikon:  ID:nBSE7Q26wh 
Further company coverage:  ASTO.NS 

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