Brief: Tower Investments FY Net Profit Up At 5.3 Mln Zlotys

Tower Investments SA

23/04/2020 07:52

April 23 (Reuters) - Tower Investments SA  TOW.WA :
    * REPORTED ON WEDNESDAY FY NET PROFIT 5.3 MILLION ZLOTYS
VERSUS
4.1 MILLION ZLOTYS YEAR AGO
    * FY REVENUE 39.0 MILLION ZLOTYS VERSUS 38.9 MILLION ZLOTYS
ESTIMATED ON MARCH 19
    * FY OPERATING PROFIT 8.6 MILLION ZLOTYS VERSUS 8.2 MILLION
ZLOTYS
ESTIMATED ON MARCH 19
    * SAID THAT SECTOR IN WHICH THE GROUP OPERATES, IN
PARTICULAR
OPERATORS OF THE GROCERY STORES SHOULD SMOOTHLY GO THROUGH THE
ECONOMIC SLOWDOWN PERIOD AND NOTICE AN INCREASE IN REVENUES AMID
COVID-19 EPIDEMIC
    * SEES LIMITED AVAILABILITY OF CERTAIN BUILDING MATERIALS,
EXTENDED DELIVERY TIMES AND SHORTAGE OF STAFF IN THE
CONSTRUCTION INDUSTRY
    * GROUP WILL TAKE ACTION TO REDUCE CURRENT OPERATIONAL COSTS
AND
TO MAINTAIN AS MANY ON-GOING PROJECTS AS POSSIBLE

    
    
 Source text for Eikon:  urn:newsml:reuters.com:*:nEM21LKdYa
    
 Further company coverage:  TOW.WA  
   


 (Gdansk Newsroom)
 ((gdansk.newsroom@thomsonreuters.com; +48 58 778 51 10))