Brief: Sanok Rubber Company Updates On Group's Strategic Plans For 2022-2024

Sanok Rubber SA

14/06/2022 17:29

June 14 (Reuters) - Sanok Rubber Company SA  SNK.WA :
    * UPDATES ON GROUP'S STRATEGIC PLANS FOR 2022-2024
    * COMPANY INTENDS TO CONTINUE TO PAY DIVIDEND BUT IT MIGHT
HAVE TO
TEMPORARILY HALT PAYING OUT DIVIDEND DUE TO INVESTMENT PLANS
    * SAID INVESTMENT PLANS INCLUDE M&A ACTIVITY, RESEARCH AND
DEVELOPMENT AND ENERGY TRANSFORMATION
    * COMPANY IS ALSO CONSIDERING INVESTING IN ITS OWN PV FARM
IN
SANOK
    * UNDER STRATEGY COMPANY TO INCREASE PRODUCT
DIVERSIFICATION, AND
TO POTENTIALLY DECOMMISSION LEAST PROFITABLE ACTIVITIES IN ORDER
TO SPEED UP GROWTH OF BUSINESS SEGMENT WITH HIGHEST MARGINS
    * INTENDS TO CONTINUE NUMEROUS ESG INITIATIVES

Source text for Eikon:  ID:nEM7kMgZYa 
Further company coverage:  SNK.WA 

 (Reporting by Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com;))