Brief: Murudeshwar Ceramics - May Have To Operate Production At Under 50% For Next 6-9 Months
22/05/2020 10:30
May 22 (Reuters) - Murudeshwar Ceramics Ltd MURD.NS :
* INDIA'S MURUDESHWAR CERAMICS - MAY HAVE TO OPERATE
PRODUCTION AT
UNDER 50% FOR NEXT 6-9 MONTHS UNTIL COVID SITUATION CLEARS
* MURUDESHWAR CERAMICS LTD - COULD ACHIEVE ONLY 25% OF THE
NORMAL
4TH QUARTER SALES
* MURUDESHWAR CERAMICS -TOTAL VOLUMES SUPPLIED IN Q4 OF THE
YEAR
HAS REDUCED TO 1/4 TH OF NORMAL PEAK SUPPLIES IN Q4 EVERY YEAR.
* MURUDESHWAR CERAMICS LTD - FY 20 PROFITS EXPECTED TO FALL
BY 50%
OF ESTIMATE; FY 21 PROFIT ALSO TO BE HIT
* MURUDESHWAR CERAMICS LTD - HIT ON THE SALES IS EFFECTING
LIQUIDITY OF THE COMPANY, ADJUSTING PRODUCTION ACCORDING TO
DEMAND
Source text for Eikon: ID:nBSE86bBMc
Further company coverage: MURD.NS
((Reuters.Briefs@thomsonreuters.com;))
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