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NVG Navigator SA News Story

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Navigator slides as Q1 net profit misses expectations

** Shares of Navigator NVGR.LS slip around 4% after the Portuguese pulp and paper producer reported a worse-than-expected 25% fall in Q1 net profit to 48 million euros

** Renta4 analyst Pablo Fernandez de Mosteyrin notes that paper sales declined 17% y/y, penalised by both lower volumes (-8% y/y) and prices

** If losses hold, the stock will see its worst day since January

** Including the session's losses, it has dropped by 10% YTD​

 (Reporting by Tiago Brandao)

 ((Tiago.Brandao@thomsonreuters.com;))

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