Brief: Cavalier Corporation Updates On COVID-19 And Trading

Bremworth

21/04/2020 02:34

April 21 (Reuters) - Cavalier Corporation Ltd  CAV.NZ :
    * WILL PROGRESSIVELY OPEN MANUFACTURING OPERATIONS IN
AUCKLAND,
NAPIER & WANGANUI FOLLOWING LIFTING OF LEVEL 4 RESTRICTIONS ON
27 APRIL
    * MARCH AND APRIL TRADING IMPACTED AS EXPECTED BY COVID-19
REGIME
AND COST CONTROL MEASURES
    * CO HAS APPLIED FOR NZ$2.8 MILLION OF GOVERNMENT WAGE
SUBSIDY IN
NEW ZEALAND
    * TRADING ACTIVITY HAS CONTINUED IN AUSTRALIA AND SALES
VOLUMES
FOR FIRST THREE MONTHS OF YEAR WERE ABOVE PRIOR YEAR
    * AGREED TO TAKE 20% OF THEIR DIRECTORS' FEES IN SHARES IN
CO

Source text https://www.i-search.nzx.com/blobs/CAV000000/489532/CAV000000-321165.pdf
Further company coverage:  CAV.NZ 

 ((Reuters.Briefs@thomsonreuters.com;))