Brief: GK Fasing FY Net Profit Down At 14.4 Mln Zlotys

Fabryki Sprzetu i Narzedzi Gorniczych Grupa Kapitalowa Fasing SA

11/05/2020 08:51

May 11 (Reuters) - Fabryki Sprzętu i Narzędzi Górniczych
Grupa Kapitałowa Fasing SA  FSG.WA :
    * REPORTED ON SATURDAY FY NET PROFIT OF 14.4 MILLION ZLOTYS
VERSUS
21.3 MILLION ZLOTYS YEAR AGO 
    * FY REVENUE 205.8 MILLION ZLOTYS VERSUS 213.3 MILLION
ZLOTYS YEAR
AGO
    * FY OPERATING PROFIT 28.5 MILLION ZLOTYS VERSUS 31.9
MILLION
ZLOTYS YEAR AGO
    * ON CORONAVIRUS: THE COMPANY DOES NOT CURRENTLY SEE ANY
THREAT
FOR CONTINUING ITS OPERATIONS DUE TO INCREASING NUMBER OF ORDERS
IN THE MARKET OUTSIDE MINING (TRANSPORT, TRANSHIPMENT, FISHING)
IN ITS KEY CLIENT FROM THIS SECTOR
    * ALSO SAID THE MANAGEMENT HAS RESOLVED TO RECOMMEND
ALLOCATION OF
2019 NET PROFIT TO RESERVE CAPITAL

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM63nqYHa  urn:newsml:reuters.com:*:nEM3pRmR4a
    
 Further company coverage:  FSG.WA  
   


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