Brief: Ponni Sugars (Erode) Says Sugar Business Adversely Impacted

Ponni Sugars (Erode)

21/05/2020 15:34

May 21 (Reuters) - Ponni Sugars (Erode) Ltd  PONS.NS :
    * SUGAR BUSINESS ADVERSELY IMPACTED WITH LOWER SALES, LOWER
PRICE
REALIZATION AND INVENTORY BUILDUP
    * INCURRED HIGHER COST TO CONFORM TO STANDARD OPERATING
PROCEDURES
UNDER EXTANT COVID GUIDELINE
    * DOES NOT FORESEE ANY SIGNIFICANT IMPACT IN RESPECT OF ITS
EXISTING CONTRACTS
    * THERE HAVE BEEN SHORT TERM INTERRUPTION AND ADVERSE IMPACT
DUE
TO COVID19 FOR CO
    * OVERALL FINANCIAL IMPACT HOWEVER IS NOT CONSIDERED
MATERIAL TO
CO

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