Brief: Gefran Q1 Net Profit Down At EUR 79,000

Gefran Spa

14/05/2020 12:59

May 14 (Reuters) - Gefran SpA  GFRN.MI :
    * Q1 REVENUE EUR 31.4 MILLION VERSUS EUR 36.0 MILLION YEAR
AGO
    * Q1 NET PROFIT EUR 79,000 VERSUS EUR 2.5 MILLION YEAR AGO
    * HAS NOW RESUMED PRODUCTION IN ITS PRINCIPAL SECTORS
    * ACTIONS ARE UNDER WAY AIMED AT CUTTING COSTS AND
REDEFINING
ACTIONS AND PRIORITIES
    * GEFRAN MAY EXPECT TO CLOSE 2020 WITH LOWER REVENUES AND
PROFIT
MARGINS THAN 2019 - CEO

Source text for Eikon:  ID:nBIAbt1YVL 
Further company coverage:  GFRN.MI 

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