HF Foods: Down as quarterly revenue falls

Hf Foods

16/03/2021 15:59

** Shares of food distributor  HFFG.O  fall 2.6% to $8.06
after Q4 revenue falls 10%  urn:newsml:reuters.com:*:nGNX5ctkCk
    ** Reports pro forma net loss of $343 mln in 2020 vs. net
income of $5.7 mln in 2019
    ** Starting September, co says sales volumes reached ~70% of
pre-COVID-19 levels, which has now stabilized at ~75%
    ** Co is generating positive operating cash flows on a
weekly basis and does not have immediate liquidity concerns,
HFFG says
    ** Stock up 8% YTD
    

 (Reporting by Shreyasee Raj in Bengaluru)
 ((Shreyasee.Raj@thomsonreuters.com;))