Brief: Saga Furs Issues Positive Profit Warning For Nov 2021-2022

Saga Furs Oyj

04/01/2023 08:53

Jan 4 (Reuters) - Saga Furs Oyj  SAGCV.HE :
    * ON TUESDAY, ISSUED POSITIVE PROFIT WARNING: CO'S RESULT
FOR
FINANCIAL PERIOD FROM NOV 2021 - OCT 31 2022 IS PROFITABLE
    * SITUATION ON FUR MARKETS HAS BEEN UNCERTAIN FOR LONG TIME,
WHICH
IS WHY CO HAS TAKEN MEASURES TO IMPROVE COST EFFICIENCY
    * EFFECT OF THESE MEASURES, OTHER COST SAVINGS HAVE HAD
GREATER
IMPACT THAN EXPECTED, ESPECIALLY IN Q4 OF FINANCIAL PERIOD
    * GROUP'S RESULTS FOR FULL FINANCIAL PERIOD 2021/2022 ARE
THEREFORE PROFITABLE

Source text for Eikon:  ID:nWkr69dK7j 
Further company coverage:  SAGCV.HE 
 (Gdansk Newsroom)
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