India's Globus Spirits hits over 3-month high on surge in Q4 profit

Globus Spirits

17/06/2020 06:36

** Shares of alcoholic beverages maker  GLOS.NS  rise as
much as 9.99% to 118.95 rupees, their highest since March 2
    ** Co on Tuesday reported a near four-fold rise in
March-quarter consolidated profit, helped mainly by lower
expenses (https://bit.ly/2NhDmCx)
    ** GLOS also recommended dividend of 1 rupee/share and said
impact from COVID-19 is likely to be short term
    ** Shares down 23.7% so far this year, as of last close

 (Reporting by Nallur Sethuraman in Bengaluru)
 ((Sethuraman.NR@thomsonreuters.com; (+91 8061822737); Reuters
Messaging: nallur.sethuraman.thomsonreuters.com@reuters.net))