Marine Products set for worst day in over a month on weak sales
28/10/2020 15:24
** Shares of the boats maker MPX.N down 10.5% at $15.66,
marking biggest intraday percentage drop in more than a month
** Says Q3 net sales fell 4.8% to $68.8 mln; Net income
dropped 16.8% to $6.5 mln as lower R&D tax credits drove up
expenses urn:newsml:reuters.com:*:nPn620SbJa
** Co says industry is approaching the winter boat show
season and this year, there is a great deal of uncertainty
surrounding the feasibility of in-person shows
** Stock up ~9% YTD
(Reporting by Arundhati Sarkar in Bengaluru)
((Arundhati.Sarkar@thomsonreuters.com;
twitter.com/Arundhati_05; +1 646 223 8780 Ext: 2776))