Brief: Symphony Says During March Qtr Co Lost 15%-17% Of Sales On Account Of COVID-19

Symphony

29/05/2020 13:27

May 29 (Reuters) - Symphony Ltd  SYMP.NS :
    * DURING MARCH QUARTER CO LOST 15%-17 % OF QUARTERLY SALES
ON
ACCOUNT OF COVID-19
    * CO'S SALES IN Q1 OF FY 2020-21 HAS BEEN SEVERELY IMPACTED
    * Q1 SALES WILL BE FRACTION OF WHAT IT ORDINARILY WOULD HAVE
BEEN
    * IF CHANNEL INVENTORY IS DOWN TO NORMAL LEVELS BY QUARTER
END,
EXPECTS COLLECTIONS AT NORMAL LEVELS FROM NEXT QUARTER
    * COVID-19 PANDEMIC HAS NOT MATERIALLY IMPACTED BUSINESS OF
SUBSIDIARIES

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 ((Reuters.Briefs@thomsonreuters.com;))