Brief: Universal Security Instruments Reports Q2 Results

Universal Safety Products

19/11/2019 21:34

Nov 19 (Reuters) - Universal Security Instruments Inc
 UUU.A :
    * UNIVERSAL SECURITY INSTRUMENTS REPORTS SECOND-QUARTER
RESULTS
    * Q2 LOSS PER SHARE $0.30
    * Q2 SALES FELL 20 PERCENT TO $3.622 MILLION
    * UNIVERSAL SECURITY INSTRUMENTS -  DECREASE IN SALES IN
QUARTER
CAUSED BY TARIFFS IMPOSED ON CHINESE PRODUCTS
    * UNIVERSAL SECURITY INSTRUMENTS-  SALES DECREASE IN QUARTER
CAUSED BY DELAY OF FEMA FUNDS DISTRIBUTED FOR HURRICANE
RECONSTRUCTION EFFORTS FOR PUERTO RICO
    * HONG KONG JOINT VENTURE CONTINUES TO BE NEGATIVELY
IMPACTED BY
LOW EUROPEAN SALES IN QUARTER

Source text for Eikon:  ID:nPn5ZsD69a 
Further company coverage:  UUU.A 

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