Brief: HF Foods Reports First Quarter 2020 Financial Results

Hf Foods

18/05/2020 13:18

May 18 (Reuters) - Hf Foods Group Inc  HFFG.O :
    * HF FOODS REPORTS FIRST QUARTER 2020 FINANCIAL RESULTS
    * Q1 PRO FORMA LOSS PER SHARE $6.52
    * Q1 REVENUE ROSE 135 PERCENT TO $175.8 MILLION
    * Q1 LOSS PER SHARE $6.52
    * HF FOODS GROUP - TRENDS HAVE PERSISTED INTO Q2, AND EXPECT
THEM
TO CONTINUE IMPACTING FINANCIAL PERFORMANCE TO SOME DEGREE IN
NEAR-TERM
    * EXPLORING VARIOUS MEANS OF IMPROVING LIQUIDITY POSITION
    * IMPROVING WORKING CAPITAL BY EXTENDING TERMS WITH VENDORS
WHILE
FOCUSING ON COLLECTING RECEIVABLES
    * DEVELOPING A PROPRIETARY E-COMMERCE PLATFORM

Source text for Eikon:  ID:nGNX9K7MgK 
Further company coverage:  HFFG.O 

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