Brief: Italy's CSP FY Net Loss Narrows To EUR 3.4 Mln

CSP International Fashion SpA

28/04/2020 09:24

April 28 - CSP International Fashion Group SpA  CSP.MI :
    * REPORTED ON MONDAY FY NET LOSS EUR 3.4 MLN VS NET LOSS EUR
11.8
MLN YEAR AGO
    * BOARD PROPOSES TO DISTRIBUTE NO DIVIDEND 
    * SEES 12% DECLINE IN Q1 REVENUE
    * IT IS NOT POSSIBLE TO MAKE PRECISE PREDICTIONS ON
    * CANNOT ISSUE PRECISE GUIDANCE ON QUANTITATIVE IMPACT OF
CORONAVIRUS ON ITS BUSINESS  
    * BOARD UPDATES 2020-2024 PLAN TO INTRODUCE MEASURES TO
TACKLE
CORONAVIRUS EMERGENCY
    * INTRODUCED COVID-19 WAGES GUARANTEE FUND TO CUT PRODUCTION
AND
COSTS


    
 Source text for Eikon:  urn:newsml:reuters.com:*:nBIA10M0xM
    
 Further company coverage:  CSP.MI