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SIP - Sipef NV News Story

€45.3 -0.1  -0.1%

Last Trade - 09/04/21

Sector
Consumer Defensives
Size
Mid Cap
Market Cap £409.6m
Enterprise Value £483.2m
Revenue £199.9m
Position in Universe 339th / 848

BRIEF-Sipef Expects A Turnaround Into A Profit Position For 2020

Thu 23rd April, 2020 6:50am
April 23 (Reuters) - SIPEF NV  SIFB.BR :
    * GROUP EXPECTS A TURNAROUND INTO A PROFIT POSITION FOR 2020
    * THERE ARE NO CONSEQUENCES OF COVID-19 THAT HAVE HAD A
MATERIAL
DIRECT NEGATIVE FINANCIAL IMPACT ON OPERATING ACTIVITIES OF
SIPEF GROUP
    * ALL PRODUCTION UNITS HAVE REMAINED OPERATIONAL UNTIL NOW,
WITHOUT LOSS OF VOLUMES OR YIELD PER HECTARE
    * IN INDONESIA EXPANSION CONTINUED STEADILY
    * SEVERAL INDUSTRIAL INVESTMENT PROJECTS MAY BE DELAYED
    * OUTLOOK FOR PALM OIL PRODUCTION FOR Q2 REMAINS MODERATELY
POSITIVE
    * Q1 GROUP'S TOTAL PALM OIL PRODUCTION GREW BY 6.6% COMPARED
TO Q1
OF LAST YEAR
    * HAS NOT YET HAD TO TAKE EXCEPTIONAL MEASURES TO SUPPORT
COMPANY'S LIQUIDITY AND SOLVENCY DURING COVID-19 CRISIS
    * APPROVED REPLANTING AND EXPANSION PROGRAM MAY BE
TEMPORARILY
DELAYED, THEREBY AVOIDING A HIGHER DEBT RATIO

Source text for Eikon:  ID:nNDL5D3Smh 
Further company coverage:  SIFB.BR 

 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 7785110;))
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