Marine Products: Flags impact to Q2 sales from supply chain disruptions; shares down

Marine Products

28/04/2021 15:17

** Shares in boat manufacturer Marine Products Corp  MPX.N 
reverse course to drop 1.1% to $17.55
    ** Co says it has started to experience supply chain
disruptions, which will impact second-quarter production and
sales growth  urn:newsml:reuters.com:*:nPn1LnfHja
    ** Says co is working with suppliers to understand these
disruptions and continue the most efficient manufacturing
processes possible
    ** Co's Q1 net income surges 92.4% 
    ** Although most of the winter boat shows were cancelled
this year, virtual and limited in-person marketing and sales
efforts have been successful - MPX
    ** MPX shares up ~24% YTD

 (Reporting by Arundhati Sarkar in Bengaluru)
 ((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))