Brief: Payton Planar Magnetics FY Operating Profit Down At USD 10.0 Mln

Payton Planar Magnetics

26/03/2020 08:28

March 26 (Reuters) - PAYTON PLANAR MAGNETICS LTD  PAPL.BR :
    * ANNOUNCED ON WEDNESDAY FY 2019 RESULTS
    * FY SALES REVENUE USD 38.4 MLN VS USD 45.6 MLN YR AGO
    * FY OPERATING PROFIT USD 10.0 MLN VS USD 13.4 MLN YR AGO
    * FY PROFIT FOR THE YEAR USD 8.8 MLN VS USD 11.4 MLN YR AGO
    * AT END OF YEAR CASH AND CASH EQUIVALENTS USD 4.7 MLN VS
USD 7.4
MLN YR AGO
    * AS AT DEC 31 GROUP’S BACKLOG USD 13.5 MLN: MANAGEMENT
EXPECTS
MOST OF BACKLOG TO BE SUPPLIED UNTIL END OF DEC 2020
    * AS OF DEC 31 GROUP EXPECTS TO EXECUTE DURING YEARS 2020 TO
2024
ONE OUT OF THREE PROJECTS PREVIOUSLY SIGNED IN ELECTRIC/HYBRID
VEHICLE INDUSTRY
    * SEES EFFECT OF CORONAVIRUS CRISIS TO END BY H2 2020

    
 Source text: https://bit.ly/2WVfBpV
 
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