NZ's Bremworth rises on steady recovery from Cyclone Gabrielle impact

Bremworth

04/04/2023 01:06

** Shares of New Zealand's Bremworth  BRW.NZ  rise as much
as 6% to NZ$0.355, set to gain most since Jan 31, if trend holds
    ** The rug and carpet maker updates the market regarding its
impact due to Cyclone Gabrielle
    ** Co says it is making progress with business continuity
plans following the cyclone, which had affected its Napier yarn
spinning plant
    ** Co says finished goods inventory position remains
satisfactory which is enabling it to trade during 'challenging'
period
    ** Adds alternative supply agreements like supply of yarns
from independent yard spinner and others    
    ** Bremworth stock down 28.7% this year, as of last close
    

 (Reporting by Rishav Chatterjee in Bengaluru)
 ((Rishav.Chatterjee@thomsonreuters.com;))