Brief: Coda Octopus Group Posts Q1 Earnings Per Share Of $0.13

Coda Octopus

16/03/2020 10:30

March 16 (Reuters) - Coda Octopus Group Inc  CODA.O :
    * CODA OCTOPUS GROUP REPORTS FISCAL 2020 FIRST QUARTER
FINANCIAL
RESULTS
    * Q1 EARNINGS PER SHARE $0.13
    * Q1 REVENUE ROSE 16 PERCENT TO $6.681 MILLION
    * CODA OCTOPUS GROUP - EXPECT ANNUAL RESULTS FOR 2020 FISCAL
YEAR
TO BE NEGATIVELY IMPACTED BY COVID-19 GLOBAL PANDEMIC
    * HAS SUFFICIENT CASH RESERVES AND WORKING CAPITAL TO FUND
ITS
OPERATIONS FOR FISCAL YEAR 2020
    * CODA OCTOPUS GROUP - DO NOT KNOW EXACT IMPACT OF COVID-19
PANDEMIC TO HAVE ON BUSINESS
    * CODA OCTOPUS GROUP - EXPECT THAT MARINE PRODUCTS BUSINESS
WILL
BE IMPACTED MOST  BY COVID-19 GLOBAL PANDEMIC
    * CODA OCTOPUS GROUP - CONTINUE TO REVIEW DAILY, & ADJUST AS
NEEDED, STRATEGIC PLAN THAT'S IN PLACE FOR COMPANY-WIDE
CONTINUITY AND TO MITIGATE IMPACT

Source text for Eikon:  ID:nGNX4gw1wC 
Further company coverage:  CODA.O 

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