Schneider Electric Infrastructure falls most in over 3 months on Q4 loss

Schneider Electric Infrastructure

17/06/2020 05:42

** Shares in Indian electricity distribution products maker
 SEIN.NS  slide as much as 10% to 80.35 rupees- their biggest
intra-day percentage loss since March 13 
    ** Co reports a net loss of 257.5 million rupees ($3.38
million) for March qtr vs a profit of 14.6 mln rupees a year
earlier  urn:newsml:reuters.com:*:nFWN2DT0F6
    ** Stock hits lowest level since May 28
    ** Says COVID-19 significantly impacts business ops as
pandemic hits production, supply chain and from unavailability
of personnel
    ** SEIN's revenue for the fourth quarter declines 19.6% to
2.30 bln rupees
    ** Shares have risen 34.5% this year as of last close


($1 = 76.2300 Indian rupees)

 (Reporting by Philip George in Bengaluru)
 ((P.George@thomsonreuters.com; +91 8061822657; Reuters
Messaging: p.george@thomsonreuters.net))