Brief: Italian Wine Brands FY Net Profit Up At EUR 7.9 Mln

Italian Wine Brands SpA

18/03/2020 13:28

March 18 (Reuters) - Italian Wine Brands SpA  ITWB.MI :
    * FY TOTAL REVENUE EUR 160.0 MILLION VERSUS EUR 150.2
MILLION YEAR
AGO
    * FY NET PROFIT EUR  7.9 MILLION VERSUS EUR 6.4 MILLION YEAR
AGO
    * PROPOSES DIVIDEND OF UP TO EUR 0.50 PER SHARE
    * ON CORONAVIRUS, SINCE IT IS NOT POSSIBLE TO PREDICT
DURATION OF
THIS CONTINGENCY SITUATION, IT CANNOT BE EXCLUDED THAT SITUATION
MAY DETERIORATE IN A BLOCKAGE OR SLOWDOWN IN ACTIVITIES THAT
CONCERN THE GROUP'S SUPPLIERS
    * ON CORONAVIRUS, IN THESE WEEKS OF GREAT TENSION, ACTION IS
THEREFORE AIMED TO DEVELOP IMMEDIATE SOLUTIONS TO DEAL WITH
EMERGENCY SITUATION AND ENSURE THE MOST EFFICIENT AND EFFECTIVE
BUSINESS CONTINUITY POSSIBLE

Source text for Eikon:  urn:newsml:reuters.com:*:nBIAbzY92B
Further company coverage:  ITWB.MI 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10;))