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PAGEIND - Page Industries News Story

₹29899.2 -239.3  -0.8%

Last Trade - 10:59am

Sector
Consumer Cyclicals
Size
Large Cap
Market Cap £3.27bn
Enterprise Value £3.25bn
Revenue £242.1m
Position in Universe 118th / 3109

BUZZ-India's Page Industries slips as Speedo probe, quarterly loss weigh

Thu 3rd September, 2020 9:32am
** Shares of Page Industries Ltd  PAGE.NS , the Indian
licensee of Jockey innerwear and Speedo swimwear, fall as much
as 4% to 18,910 rupees ($257.45)
    ** Speedo International to investigate a report of possible
human rights violations by PAGE, the United Kingdom-based
swimwear maker told Reuters  urn:newsml:reuters.com:*:nL4N2FZ3LY
    ** Separately, co posted a June-quarter loss and a 66% drop
in revenue from operations on Thursday after COVID-19 induced
lockdowns significantly impacted apparel demand  urn:newsml:reuters.com:*:nFWN2FZ0NZ
    ** On Monday, Norway's $1 trillion sovereign wealth fund,
the world's largest, said that "unacceptable risk" due to human
rights violation led to exclusion of some companies including
PAGE  urn:newsml:reuters.com:*:nL8N2FX1X3
    ** PAGE denies allegations - statement  urn:newsml:reuters.com:*:nFWN2FZ0O9 
    ** Jockey did not respond to requests for a comment
    ** Up to Wednesday's close, stock is down nearly 16% YTD 

($1 = 73.4500 Indian rupees)

 (Reporting by Chandini Monnappa in Bengaluru)
 ((Chandini.M@thomsonreuters.com; +918061822697;))
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