Brief: High Liner Foods Reports Operating Results For Q1 2020

High Liner Foods

12/05/2020 13:53

May 12 (Reuters) - High Liner Foods Inc  HLF.TO :
    * HIGH LINER FOODS REPORTS OPERATING RESULTS FOR THE FIRST
QUARTER
OF 2020 AND PROVIDES COVID-19 RELATED UPDATE
    * Q1 SALES FELL 3.2 PERCENT TO C$268.6 MILLION
    * Q1 ADJUSTED EARNINGS PER SHARE C$0.42 EXCLUDING ITEMS
    * Q1 EARNINGS PER SHARE C$0.41
    * SALES VOLUME INCREASED IN Q1 OF 2020 COMPARED TO Q1 OF
2019
PRIOR TO NET UNFAVORABLE IMPACT OF COVID-19 STARTING MID-MARCH
    * HIGH LINER FOODS - STARTING MID-MARCH, EXPERIENCED AN
UNPRECEDENTED SURGE IN DEMAND FROM ITS RETAIL CUSTOMERS TIED TO
COVID-19 THAT CONTINUES TODAY
    * HIGH LINER FOODS - DOES NOT HAVE ANY IMPENDING DEBT
MATURITIES
AND WILL CONTINUE TO UTILIZE ITS $150 MILLION WORKING CAPITAL
CREDIT FACILITY IF REQUIRED

Source text for Eikon:  ID:nCNWdj3qwa 
Further company coverage:  HLF.TO 

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